Van Buren Township-based auto parts manufacturer Visteon has appointed Sachin Lawande to succeed Timothy Leuliette as of June 29 in the positions of president and chief executive officer.
Lawande, 48, has also been named to the board of directors of the company, coming with more a decade of leadership experience in the auto supplier industry. Starting with 2005, he was tasked with numerous leadership positions at Harman International, most recently being the president of the infotainment unit – which reached $3 billion in annual sales – and before Harman ha had worked for QNX Software Systems and 3Com. “After a thorough evaluation of potential candidates, we are confident that we have found in Sachin the perfect individual to lead and transform our company to achieve further success in the rapidly evolving automotive electronics market,” commented Francis Scricco, Visteon chairman. “It is an honor to be named Visteon’s next CEO,” added Lawande, emphasizing the growing importance of electronics and software across the automotive industry, with Visteon one of the companies capable to seek a leadership position in the fields of innovation and technology.
Leuliette, 65, said back in March he would retire, after serving as Visteon’s chief executive since 2012. He rushed the company’s strategy change and restructuring by divesting slow growing divisions and focused on selling parts to Asian manufacturers. Over the past three years, Visteon, which was a spin off from Ford back in 2000, acquired Johnson Controls’ electronics business, got rid of the interiors business of its Yanfeng joint venture in China and sold the lighting business to the Varroc Group of India.