Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  BorgWarner Inc.    BWA

Delayed Quote. Delayed  - 08/26 10:03:00 pm
33.65 USD   -0.36%
08/23 TRENDING STOCKS : Archer Daniels Midland Company , BorgWarner Inc.
08/18 BORGWARNER : To Host Investor Day On Sept. 7
08/15BORGWARNER INC. : Is the distribution phase coming to an end ?
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

BorgWarner Inc. : BorgWarner Appoints Robin Adams Vice Chairman, Ronald Hundzinski Chief Financial Officer and James Verrier President and Chief Operating Officer

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/27/2012 | 02:35pm CEST

AUBURN HILLS, Mich., March 27, 2012 /PRNewswire/ -- BorgWarner (NYSE: BWA) announced today the appointment of Ronald Hundzinski to Chief Financial Officer and James Verrier to the newly-created position of President and Chief Operating Officer, effective immediately. Robin Adams has been promoted to Vice Chairman of the Board of Directors and remains Executive Vice President and Chief Administrative Officer reporting to Tim Manganello, Chairman of the Board of Directors and Chief Executive Officer. Mr. Hundzinski will report to Mr. Adams and Mr. Verrier will report to Mr. Manganello.

Ronald Hundzinski, 53, has been with BorgWarner for nearly 10 years, most recently as Corporate Treasurer, and previously, Corporate Controller. His experience while in these senior corporate positions includes external reporting, internal controls, international and domestic tax planning, balance sheet oversight, cash management and investor relations. As Corporate Treasurer and Controller, Mr. Hundzinski has been a member of the company's Management Board and will remain so as Chief Financial Officer. He has extensive finance leadership experience at the operating level that includes overseeing capital allocation, managing customer and supplier issues, leading post-acquisition integration teams and executing restructuring activities. His most recent position within operations was Vice President of Finance BorgWarner Turbo Systems, the company's largest business unit. He holds a bachelor's degree in finance from Western Michigan University as well as an MBA from the University of Colorado. Mr. Hundzinski also holds a CPA designation.

"Ron has been a driving force behind our recent financial success," said Tim Manganello, Chairman and CEO of BorgWarner. "As Vice President of Finance of our Turbo Systems business unit, Ron was essential to its profitable growth. In his roles as Corporate Treasurer and Controller, he worked closely with Robin, therefore assuring a seamless transition. Ron is a tenacious leader and will undoubtedly be successful in his new role."

James Verrier, 49, has held positions of increasingly significant responsibility during his 22 years with the company. He served most recently as President and General Manager BorgWarner Morse TEC, and previously as Vice President and General Manager BorgWarner Turbo Systems, Passenger Car Products based in Germany. He will continue to be a member of the company's Management Board. His experience includes assignments in quality control, human resources and operations management. He holds a degree in Metallurgy and Materials Science from West Midlands College in the UK as well as an MBA from the University of Glamorgan, also in the UK. All business unit Presidents and the Corporate Vice President of Supply Chain Management will report to Mr. Verrier.

"James has delivered important operational improvements in every business he has led," said Manganello. "As the head of Morse TEC and previously Turbo Passenger Car Systems, James has successfully led vital segments of our business through crucial phases including rapid growth, an economic downturn, geographic expansion and the development and launch of game-changing technologies. James has been integral to our company's success and I view him as a critical component of the management team."

In his new role as Vice Chairman of the Board of Directors, Mr. Adams, 58, will continue to focus on financial matters while working closely with Mr. Hundzinski in his new role as Chief Financial Officer. In addition to providing a seamless transition, Mr. Adams will continue to provide input on the strategy and growth of the Company.

Manganello concluded, "Robin and I have the utmost confidence in Ron and James and are excited to work with them in their new positions. Technology leadership and financial discipline have been the cornerstones of our company's success, and will remain top priorities going forward. The BorgWarner team will continue to drive our company forward, building on the strong foundation and the strategies currently in place."

About BorgWarner

Auburn Hills, Michigan-based BorgWarner Inc. (NYSE: BWA) is a technology leader in highly engineered components and systems for powertrain applications worldwide. Operating manufacturing and technical facilities in 59 locations in 19 countries, the company develops products to improve fuel economy, reduce emissions and enhance performance. Customers include VW/Audi, Ford, Toyota, Renault/Nissan, General Motors, Hyundai/Kia, Daimler, Chrysler, Fiat, BMW, Honda, John Deere, PSA, and MAN. For more information, please visit www.borgwarner.com.

SOURCE BorgWarner Inc.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BORGWARNER INC.
08/23 TRENDING STOCKS BUZZ : Archer Daniels Midland Company , BorgWarner Inc.
08/18 BORGWARNER : To Host Investor Day On Sept. 7
08/11 BORGWARNER : Supplies clutch modules for hyundai 8-speed
08/11 BORGWARNER : Supplies New Clutch Modules For Hyundai's Latest 8-Speed Transmissi..
08/08 BORGWARNER : BW_supplies_VTG_technology_for_HMC
08/08 BORGWARNER : Supplies VTG Turbocharging Technology For Diesel Engines From Hyund..
08/04 BORGWARNER : Declares Quarterly Dividend
07/30 BORGWARNER : Remy acquisition pays for BorgWarner
07/28 BORGWARNER : Management's Discussion and Analysis of Financial Condition and Res..
07/28 BORGWARNER : 8 K 6.30.2016 Exhibit 99.1 Press Release
More news
Sector news : Auto, Truck & Motorcycle Parts - NEC
08/26DJMettler-Toledo to Join S&P 500
08/23 Mobileye, Delphi aim to release self-driving system in 2019
08/23DJDELPHI AUTOMOTIVE : Today's Top Supply Chain and Logistics News From WSJ
08/23DJAuto-Parts Makers Unite to Develop Self-Driving System
08/23DJDelphi, Mobileye to Jointly Develop Self-Driving System
More sector news : Auto, Truck & Motorcycle Parts - NEC
News from SeekingAlpha
08/16 All eyes on Ford with autonomous announcement on tap
08/02 Auto suppliers in retreat after Detroit automakers disappoint with U.S. sales
07/30 BorgWarner's (BWA) CEO James Verrier on Q2 2016 Results - Earnings Call Trans..
07/30 BorgWarner Inc. 2016 Q2 - Results - Earnings Call Slides
07/28 BorgWarner beats by $0.02, revenue in-line