Mexican Media Brands
Former GM Exec Henderson Named Interim CEO at Adient
Fritz Henderson, the General Motors Co. executive who succeeded Rick Wagoner as CEO in 2009, has been appointed interim CEO of Dublin-based vehicle interiors supplier Adient plc.
#interior
Share
Fritz Henderson, the General Motors Co. executive who succeeded Rick Wagoner as CEO in 2009, has been appointed interim CEO of Dublin-based vehicle interiors supplier Adient plc.
Detroit native Henderson, 59, replaces Bruce McDonald, 58, who resigned, effective immediately. McDonald’s job as chairman will be assumed by board director John Barth.
McDonald has led Adient since it was spun off from Johnson Controls Inc. in October 2016. The company reported a $1.5 billion loss that year and a net profit of $877 million in 2017. But Adient swung to a $168 million loss in the first quarter of 2018 as it struggled with more than $3 billion in debt.
Henderson has been an Adient board member since the company floated an initial public offering in late 2016. At GM, he headed the company’s Latin America and Asian operations before becoming chairman of GM Europe. He serviced as GM’s CEO before being replaced in 2010 by Ed Whitacre.
Chairman Barth says Henderson’s role will be to lead the company’s restructuring as Adient seeks a permanent CEO.
RELATED CONTENT
-
Honda Re-Imagines and Re-Engineers the Ridgeline
When Honda announced the first-generation Ridgeline in 2005, it opened the press release describing the vehicle: “The Honda Ridgeline re-defines what a truck can be with its true half-ton bed payload capability, an interior similar to a full-size truck and the exterior length of a compact truck.” And all that said, people simply couldn’t get over the way there is a diagonal piece, a sail-shaped buttress, between the cab and the box.
-
2017 Buick LaCrosse Premium AWD
The Buick design team deserves the strongest of accolades for their work at transforming the appearance of the brand from one of, well something akin to “the last ride” to one of contemporary stylishness befitting of a the cohort of automotive customers who didn’t cast their first presidential ballot in 1968 or earlier.
-
With Great Material Come Great Seats
Automobile seats for the past several years have pretty much resembled...automobile seats.