The board of directors of Chassix Inc., a global automotive supplier of safety-critical casting and machining solutions, has appointed current Chassix Chief Financial Officer (CFO) Michael Beyer as interim CEO.
Beyer succeeds Doug DelGrosso, who has resigned to serve as CEO of publicly traded Adient plc, a global leader in automotive seating with 85,000 employees operating in 238 manufacturing/assembly plants in 34 countries with approximately $17 billion in revenue in 2017.
The company says Beyer’s in-depth understanding of the Chassix business over the past two and half years as CFO will provide stability and help drive the continued execution of the Chassix long-term strategy. Prior to joining Chassix, Beyer had more than 25 years of financial and accounting management experience in the automotive sector as CFO of Wolverine Advanced Materials and in roles of increasing responsibility at Affinia Group and Dana Corp.
The Chassix board has started a search to identify internal and external candidates for a permanent CEO.
“On behalf of myself and the entire board of directors of Chassix, I would like to thank Doug for his significant contributions to Chassix over the past two and half years, including establishing a strong and driven senior management team, leading the development of the long-range strategic plan, strengthening customer partnerships and ensuring Chassix is a safe and great place to work,” said Jonathan Foster, chairman of the board of directors.
“The Chassix team will continue to execute on the Chassix growth strategies; focusing on targeted sales growth, flawless program launches, delivering quality products to our customers, continuing the integration and launches of Ostrava and Suzhou plants, while delivering on financial performance targets with a motivated and engaged global Chassix team,” added Beyer.