global automotive supplier, Marelli, announced that following almost four years
with the Company, Beda Bolzenius will stand down as CEO and President and he
will be succeeded by David Slump, a 30-year industry veteran. These changes
will be effective immediately.
Paliwal, Partner at KKR and Executive Chairman, Marelli, said, “I want to thank
Beda for his dedication and his commitment to Marelli during his tenure. He has
led this company through what has been an incredibly challenging period for the
industry. He laid out and started implementing the vision for Marelli to grow
its position through customer diversification, improving the cost
competitiveness, investments into key technologies and growth into China. He
leaves Marelli with my gratitude and well wishes for his future endeavors.”
is a highly respected automotive brand and known for its leading positions in
automotive lighting, sensing technologies (LiDar, Radar and Camera) and growing
rapidly in vehicle electrification, powertrain, vehicle interior, and
electronics and software solutions. To take advantages of the opportunities
ahead, Marelli must accelerate its innovation, customer focus and cost base.
David is tenacious, collaborative and fast and he is the right person to take
Marelli to the next level. He has deep experience in our industry and the
regions we operate. David’s ability to think strategically, rapid
decision-makingand focus on execution is the right combination that Marelli
Bolzenius said, “After a great deal of personal deliberation, discussion with
my family, and with the support and understanding of our Chairman, Dinesh
Paliwal, I decided that it is the time for me to step down as CEO of Marelli.
We covered a lot of ground in the last four years and I am very proud of what
we achieved in bringing together Calsonic Kansei and Magneti Marelli to create
a new, leading global supplier. I am very confident that Dinesh and Davidare
the right team to take Marelli forward on the next stage of its journey. My
thanks and well wishes go to all the colleagues around the world for their
dedication and commitment during my time at Marelli.”
appointed CEO, Marelli, David Slump, said, “I am delighted to join Marelli and
work alongside a proven leader Dinesh Paliwal and the Marelli leadership team.
The industry continues to be impacted by severe structural challenges, but I
believe that the opportunity for Marelli and its customers is enormous. I will
do everything to make all of our stakeholders proud as we continue to build and
strengthen our company for the future. I believe strongly in the strategy
already in place to make the company more cost competitive, more streamlined,
more targeted towards the future of mobility and electrification. I am excited
to join and work alongside my colleagues in writing the next chapter.”
joins Marelli from Harman International, a $9B wholly owned subsidiary of
Samsung Electronics Co,LTD., that designs and engineers connected products and
solutions for automakers, consumers, and enterprises worldwide, including
connected car systems, audio and visual products, enterprise automation
solutions, and services supporting Digital Transformation to the Internet of
his 30-year career, David held senior roles in the automotive and energy
sectors including Harman, General Electric, LANDIS + GYR and ABB. For nearly 15
years at Harman, David held leadership positions including President, Global
Markets, responsible for the P&L of all Harman's business in China, India,
Japan, Korea, Russia and South and Central America. In addition, in a dual
role, he led Software Services division globally. Prior to that, David was EVP,
Operations, responsible for Procurement, Supply Chain Management, Quality and
Manufacturing across Harman. Prior to that, he turned around and grew Harman
consumer audio business what now is $3 billion business. In his early years at
Harman, he led Harman’s strategy and M&A.
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