Stoneridge recently announced a plan to attract the necessary talent to impact and accelerate the company’s transformation.
Jim Zizelman (right) named president and CEO; Rajaey Kased promoted to president, Control Devices division.
Salvatore (Sal) Orsini was named chief procurement officer effective July 5.
The purchase price of the Minda Stoneridge Instruments Ltd. (MSIL) equity shares is $21.5 million equivalent Indian Rupee.
Horvath previously served as the company’s executive director of Corporate Strategy and Investor Relations, and prior to that as director of Investor Relations.
Laurent Borne joined Stoneridge in 2018 as chief technology officer and was named Electronics Division president in 2019.
Matt Horvath (pictured), executive director, corporate strategy and investor relations, accepted the award.
Jim Zizelman spent more than 20 years with Delphi, leading a variety of technical and business teams for the Powertrain and Electronics Divisions.
Stoneridge was the recipient of the Jim Winsor Memorial Technical Achievement Award.
In this role, Heigel will be responsible for leading Stoneridge’s overall manufacturing system.
For indirect material, the Supplier of the Year Award was presented to PARMI. For direct material, the Supplier of the Year Award was presented to Renesas Electronics.
The award represents an estimated $10 million in peak annual revenue based on forecasted production levels and an assumed penetration rate of the system of 10 to 15%. Production is scheduled to begin in 2021.