AUBURN HILLS, Mich. – September 1, 2016 – Nexteer Automotive, a global leader in intuitive motion control, announced today that Laurent R. Bresson has resigned as president and global chief operating officer, effective immediately. Michael P. Richardson, Nexteer’s senior vice president, executive board director and chief strategy officer, has been named interim president and global chief operating officer of Nexteer Automotive. The Board will move quickly to identify a permanent successor to Mr. Bresson.
On behalf of Nexteer’s Board, Guibin Zhao, Nexteer chairman, executive board director and chief executive officer said, “We are thankful for Laurent’s leadership over the past four years as Nexteer completed the final steps to transform the company into a profitable and growing global enterprise. We wish him well in his future endeavors.”
Richardson will advance the productive agenda set by Nexteer’s Board of Directors, ensuring a seamless continuation of the company’s success. He will also continue his duties as executive board director, senior vice president and strategy officer of Nexteer. In this role, Richardson is responsible for Nexteer’s strategic planning as well as mergers and acquisitions.
“We are confident in Mike’s ability to continue the positive operating performance of the company. With more than 40 years of industry experience and the support of Nexteer’s capable leadership team, Mike has the tools and skill set to lead the company through this transition,” said Chairman Zhao. “Mike has worked closely with Nexteer’s prior presidents, is familiar with the day-to-day duties of the office and is well aligned to continue the vision that he helped create in his role as chief strategy officer.”
ABOUT NEXTEER
Nexteer Automotive – A Leader in Intuitive Motion Control – is a multi-billion dollar global steering and driveline business delivering electric and hydraulic power steering systems, steering columns, driveline systems as well as advanced driver assist systems (ADAS) and autonomous technologies for original equipment manufacturers. The company’s global workforce of over 13,000 serves more than 50 customers in every major region of the world. The company has 21 manufacturing plants, five regional engineering centers and 11 customer service centers strategically located in North and South America, Europe and Asia. Nexteer Automotive’s customers include BMW, Fiat Chrysler, Ford, GM, PSA Group, Toyota, and VW, as well as automakers in India and China. nexteer.com
