TROY, Mich. — Delphi Automotive LLP today announced that CFO John Sheehan plans to leave the company effective March 31, to pursue another opportunity.

"John has been an outstanding leader in the transformation of Delphi," said CEO and President Rodney O’Neal. "Through an extremely difficult period for our company and our industry, John has been a tenacious and steadfast advocate for us with the financial community, assuring that we had adequate funding to operate and meet our commitments to our customers. His leadership of our restructuring process has earned him the respect of our employees, customers and suppliers. While we will miss his guidance, work ethic and leadership of the financial team at Delphi, we wish him the very best in new endeavors."

Sheehan, 49, joined Delphi in 2002 as chief accounting officer and controller. In March 2005, he was named acting chief financial officer overseeing Delphi’s treasury, tax, mergers and acquisitions, internal and external reporting, internal control, budgeting, forecasting and financial planning and analysis. He was named vice president and chief restructuring officer, chief accounting officer and controller in October 2005 and became CFO in October 2008.

Delphi has initiated an outside search for Sheehan’s successor. Upon Sheehan’s departure, Keith Stipp, currently treasurer of the company, will serve as acting CFO until the position is filled.