Faurecia announces retirement of North American leader image

According to a statement by the European seating and emissions systems supplier, Mike Heneka will retire from his position of president of Faurecia North America Inc. from March 1.

Heneka, who was responsible for a massive expansion strategy in the United States, will be replaced by Mark Stidham, president of Faurecia North America’s emissions control technologies unit as the new chief for the Nanterre, France-based Faurecia SA North American subsidiary. Heneka, 67, will be kept on board by Faurecia as an advisor to the new boss until June – the executive commented he was the one seeking retirement from Faurecia, though he wants to pursue a new leadership position in another company. He started working for the European parts maker back in 2006 as president of the North American interior systems division and became regional leader in 2007.

While on his term, Faurecia surged in North America to at least 20,000 employees from just 9,000 and to 47 production locations from 23. Revenue also soared from $2 billion in 2007 to $6.25 billion last year, with the supplier the sixth biggest auto parts maker in North America. “During his time with us, Mike has led the region through many changes and has positively impacted Faurecia’s reputation in North America and internationally,” commented Faurecia SA CEO Yann Delabriere. He also served as one of the directors in the boards of the Original Equipment Suppliers Association, the National Association of Manufacturers and the Automotive Hall of Fame.

Via Automotive News Europe