Visteon Names New CEO

by Nate Wooley | October 1, 2012 11:40 am

Timothy Leuliette has been named permanent Chief Executive Officer of Visteon (NYSE:VC[1]). Leuliette had been appointed interim CEO and chairman in August.

The appointment, reported Associated Press[2], is effective immediately. Leuliette will not continue as chairman, however. The two roles are being split with board member Francis Scricoo becoming non-executive chairman for Visteon.

Visteon was part of the Ford (NYSE:F[3]) prior to being spun off in 2000. It filed for bankruptcy in 2009 and emerged in 2010.

Prior to Visteon, Leuliette had been CEO of Dura Automotive as well as chairman and co-CEO at Asahi Tec and chief operating officer at Penske (NYSE:PAG[4]).

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