Visteon Corporation of the US
has appointed Sachin Lawande as its president and chief executive officer, effective
June 29, 2015, succeeding Timothy D. Leuliette. Lawande will also join
Visteon’s Board of Directors.
Lawande is an accomplished
automotive OEM electronics veteran with over a decade of global leadership
experience in the industry. From 2005, Lawande held several leadership roles at
Harman International Industries, most recently serving as president of the
Infotainment Division, the company’s largest division with nearly $3 billion in
annual sales. Prior to joining Harman, Lawande held senior roles at QNX
Software Systems and 3Com Corporation.
“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," said Francis M.
Scricco, Chairman of the Board. “Sachin’s significant operational expertise and
unique combination of experience in the automotive, technology and software
industries will be critical as we seek to capitalize on the dynamic growth of
the connected vehicle ecosystem and provide our OEM partners with innovative
and cost-effective technology solutions,” he added.
“It is an honor to be named
Visteon’s next CEO,” said Lawande, adding that “Electronics and software are
more important to the automotive industry than ever before, and the newly
transformed Visteon is in an ideal position to emerge as the innovation and
technology leader in this space to continue to deliver value for customers and
shareholders. I am excited about the opportunity to build on the company’s
momentum and lead Visteon into the next phase of its growth as the premier
provider of Driver Information Systems and Infotainment that form the backbone
of the connected car. I look forward to working closely with the board,
management, and the talented Visteon team to advance innovation in the
connected car and further capitalize on the growing importance of electronics
to the automotive industry.”
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