The changes represent the company’s shift from an auto parts supplier to supporting a mobility-centered society.
Michelin said the decision is a result of a lack of competitiveness of its German operations.
Amber White was promoted to VP of corporate marketing, and Dan Forthoffer to VP of corporate R&D.
The reorganization of U.S. operations and a reduction in workforce will allow more focus on development efforts.
The move will streamline decision-making and accelerate the company’s transformation to CASE technologies.
The company also announced that Steve Barlow, president of Lumileds’ Automotive Business Unit, will succeed Matt Roney as CEO.
The company has obtained interim approval to access up to $275 million of DIP financing.
To implement the restructuring plan, Lumileds has commenced voluntary prepackaged Chapter 11 proceedings, limited to its U.S. and Netherlands operations.
Ford Blue and Ford Model e will operate as distinct businesses, but share relevant technology and best practices.
Spectra Premium Mobility Solutions will focus on the heat transfer, engine management and undercar segments.
New organizational map unveiled; ASA invites resumes for regional directors.
On Jan. 1, 2022, the Tires and ContiTech business areas become independent group sectors.