Chassix Holdings Inc., one of the automotive industry’s largest single integrated resources for precision chassis casting and machining solutions, has named Douglas DelGrosso as the company’s CEO, effective Jan. 4, 2016. He also will serve on the company’s board of directors.
DelGrosso joins Chassix with several decades of experience as a well-respected senior executive in the automotive industry. Most recently, he served as president and CEO of Henniges Automotive Inc., an automotive sealing and anti-vibration company previously owned by Littlejohn & Co. that was recently sold to AVIC Automotive Systems, a China-based automotive supplier. He also has held positions as vice president and general manager of TRW Inc.’s Global Braking and Suspension Operations and as president of Lear Corp., a leading global supplier of automotive seating systems and electrical power management systems.
“Doug comes to us with an enormous wealth of experience in our industry,” said Jonathan Foster, non-executive chairman of the Chassix Board of Directors. “He has a superb reputation in the industry and a track record of proven results. We are fortunate to have an executive of his caliber join our team and are confident that he will lead the company very effectively.”
DelGrosso said, “I am excited to join Chassix, which plays a critical role as a key supplier of important products for automotive manufacturers. I look forward to working with the board and management team, as well as Chassix’s dedicated employees, to capitalize further on the company’s strengths and be an even more effective partner to our customers.”
DelGrosso earned his Bachelor of Science degree in mechanical engineering from Lawrence Technical University and his Master of Business Administration from Eli Broad College of Business at Michigan State University.
DelGrosso succeeds J. Mark Allan, who, as CEO, led the company through a successful financial restructuring.
Foster also said, “On behalf of the entire Chassix family, I would like to extend a heartfelt thanks to Mark, who played a central role in guiding the company through its recent financial and operational restructuring and helping to position the company for enhanced performance going forward. We wish him well in his future endeavors.”
Chassix retained Korn Ferry, a preeminent global people and organizational advisory firm, to advise the Chassix Board on this executive search.
