“I am honored and humbled to be selected to launch and lead Phinia. We will draw upon BorgWarner’s rich 130-year history – maintaining the strong culture of product leadership, integrity and operational excellence,” says Ericson. “There is a tremendous opportunity and a bright future ahead for our talented employees, with exciting things on the horizon.”
Gropp began her career at BorgWarner in 2001, serving most recently as Vice President of Finance for Fuel Systems and Aftermarket since October 2020. Over her 22 years at BorgWarner, Gropp has held positions of increasing responsibility in several BorgWarner businesses domestically and internationally, from Plant Controller and Commercial Controller to Finance Director and Vice President of Finance for three of BorgWarner’s businesses. Prior to joining BorgWarner, Gropp was an auditor for KPMG and Director, Finance/Controller for Pressac Inc. Gropp earned a Bachelor of Science degree in Accounting from the University of Alabama. She is a certified public accountant licensed in Alabama and a member of the American Institute of Certified Public Accountants as well as the Alabama Society of Certified Public Accountants.
“We’ve delivered significant operational and segment margin improvement over the last couple of years in Fuel Systems and Aftermarket,” says Gropp, adding that “I’m excited for the opportunity to lead PHINIA, as part of Brady’s leadership team, and seek to continue the positive momentum and financial discipline, with the objective of setting us up for success as an independent entity.”
Phinia is expected to be a product leader in fuel systems, starters, alternators and aftermarket distribution with balanced and synergistic exposure among Commercial Vehicle, Light Vehicle, and Aftermarket end markets, and to have broad regional and customer exposures. The proposed spin-off is expected to be completed in late 2023, subject to satisfaction of customary conditions.