SOUTHFIELD, Mich. – Lear Corp. has announced that Richard Bott has been appointed to the company’s board of directors, effective immediately.
Bott worked in investment banking for more than 35 years at Morgan Stanley and Credit Suisse First Boston (now Credit Suisse), where he provided financial structuring and strategic advice to numerous large American and international corporations, with a focus on industrial, automotive and transportation companies. At the end of 2007, Bott retired as vice chairman, institutional securities, of Morgan Stanley, a position he had held since 2003. He currently serves on the board of Genesee & Wyoming Inc.
"Following a comprehensive search process, we are extremely pleased to welcome Dick to Lear’s Board of Directors," said Henry D.G. Wallace, Lear’s non-executive chairman. "We sincerely appreciate the active involvement and support of Mick McGuire from Marcato Capital Management LLC, who participated with us in this process."
While at Credit Suisse First Boston, Bott led the firm’s Chrysler team in the recapitalization of the company in the early 1990s and in the merger of Chrysler with Daimler-Benz in 1998.
Wallace added, "Dick’s extensive investment banking experience and deep knowledge of the capital markets adds a valuable perspective to our board."
