Tempo Group and Leuliette Partners to Form Automotive, Transportation Management, Trading and Investment Firm
The joint venture firm will focus on four specific activities: M&A advisory, operating ownership of acquired companies, trading, financial and procurement services and formation of an investment fund. The two companies say they will concentrate these efforts in automotive areas including chassis systems, powertrain systems, body systems, special vehicles, new energy technology and related component business.
Goodyear Announces Leadership Changes in Finance Organization
Richard Noechel, vice president of finance for North American Tire, has been elected vice president and controller, succeeding Thomas Connell, who plans to retire effective March 1, 2011.
Executive Interview: John Washbish, President and CEO, Aftermarket Auto Parts Alliance
On Jan. 1, John Washbish officially assumed the position as president and CEO of Aftermarket Auto Parts Alliance. In today’s Executive Interview, Washbish brings us up to speed on the Alliance’s new five-point plan and gives us his thoughts on the state of the distribution business today.
Oshkosh Corp. Announces Executive Changes
As part of a long-term succession plan, Robert Bohn, chairman and CEO, has decided to retire, effective Dec. 31. The Oshkosh board has elected Charles Szews to the position of CEO, effective Jan. 1, 2011. Szews will serve in a dual role as president and CEO. He has been with the company since 1996 and is currently Oshkosh Corp. president and COO.
The AMN Week in Review (Sept. 6-10, 2010)
The Week in Review offers a snapshot of the most highly read stories of the week as seen on aftermarketNews. To access the complete stories, simply click on the highlighted links. If you missed reading one of our daily news emails, just click on the link that says “News Archives” at the bottom of the page to begin catching up on the latest industry news.
Schwartz Advisors Adds Four Aftermarket Veterans to Its Roster
Rick Keister, Larry Samuelson, Gary Paulson and Lou Basenese among the new partners who recently joined the automotive aftermarket M&A advisory and consulting firm.
Freudenberg-NOK Creates New Executive Team to Replace CEO
Innovative structure leverages cross-functional expertise, company says.
Doug Oberhelman Elected Caterpillar CEO
Jim Owens steps down as CEO, remains chairman through Oct. 31.
PricewaterhouseCoopers Says M&A Activity Will Drive Fundamental Changes in Global Auto Industry This Year
Deal value soars to $121.9 billion in 2009, brought on by government equity positions in sector.
Delphi Announces Leadership Changes
CFO John Sheehan to pursue new opportunity; Keith Stipp to be appointed acting CFO.