Ricardo Names New President for U.S. Unit

U.K.-based engineering firm Ricardo plc has hired Thomas Apostolos, a veteran executive at Canadian supplier Magna International Inc., as president of its U.S. unit.

Apostolos replaces Kent Niederhofer, who will leave Ricardo on Oct. 31 after nearly three years as president.

Apostolos has been president of Magna's Asia Pacific exteriors and interiors unit since 2007. His 19-year Magna career also included a stint as president of the global interiors unit. He previously worked at General Motors Co.