SOURCE: Delphi Corporation
November 04, 2009 06:00 ET
Delphi Names New Board
TROY, MI--(Marketwire - November 4, 2009) - Delphi Automotive LLP, a leading global supplier
of electronics and technologies for autos, commercial and other vehicles,
today announced the appointment of a new Board of Managers. The Board will
be chaired by John A. (Jack) Krol, former chairman of DuPont and lead
director for Tyco International Ltd. Krol will be joined by a seasoned
team of global business leaders with experience in electronics, information
technology, finance, specialty products, and automotive manufacturing and
"We are pleased that these talented, highly respected leaders will guide
Delphi on our journey as a new company," said Rodney O'Neal, Delphi
president and chief executive officer. "Their experience, business acumen,
and high ethical standards can help us build from Delphi's already strong
technology and worldwide customer base."
"I am pleased to lead this distinguished board, which collectively has
nearly 200 years of experience across the brightest and most successful
global industries," said Krol. "Delphi has world-class products, a strong
commitment to technology, and the financial resources that will be
essential to its success. We look forward to taking the new Delphi forward
and furthering our relationships with the world's leading automotive
Krol, 73, also is a board member at ACE, Ltd., and serves on the advisory
board of the Bechtel Corporation. He is a former trustee of the University
of Delaware and trustee emeritus of Tufts University. Krol also is a
former board member of J.P. Morgan Chase, The Business Roundtable, The
Business Council, MeadWestvaco Corp., Milliken & Co., and the Hagley
Museum, as well as Chairman of the United Way of Delaware. He received a
B.S. and M.S. in chemistry from Tufts University.
The other members of the board are:
-- Gary L. Cowger, 62, most recently group vice president of global
manufacturing and labor relations for General Motors. He will retire from
GM on Dec. 1, 2009. Cowger began his career with GM in 1965 and held a
range of senior leadership positions in business and operations in several
countries. In 2006, he was elected to the National Academy of Engineering
and currently serves as Co-Chair of the Martin Luther King Memorial
Foundation's executive Leadership Cabinet. He is chairman of the Board of
Trustees of Kettering University, a board member of the UNCF and the
governing board of Leaders for Manufacturing at Massachusetts Institute of
Technology (M.I.T.). He earned a B.S. in industrial engineering from
Kettering University and a master's degree as a Sloan Fellow from M.I.T.
-- Rajiv L. Gupta, 63, former chairman and chief executive officer of
Rohm and Haas Company, a worldwide producer of specialty materials. Gupta
began his career at Rohm & Haas in 1971 and served in a broad range of
global operations and financial leadership roles. He currently serves as a
director at Hewlett-Packard, Tyco International Ltd., and The Vanguard
Group, Inc. Gupta received a B.S. in Mechanical Engineering from the
Indian Institute of Technology, and an MBA in Finance from Drexel
-- J. Randall MacDonald, 61, senior vice president, human resources at
IBM. From 1983 to 2000, prior to joining IBM, MacDonald held a variety of
senior positions at GTE, including executive vice president, human
resources and administration. He also has held senior leadership
assignments at Ingersoll-Rand Company, Inc., and Sterling Drug. He is a
former board member of Covance, Inc., a global drug services company. He
earned both bachelors and master's degrees from St. Francis University.
-- Sean O. Mahoney, 47, a private investor with over two decades of
experience in investment banking and finance. Mahoney spent 17 years in
investment banking at Goldman, Sachs & Co., where he was a partner and head
of the Financial Sponsors Group, and four years at Deutsche Bank
Securities, where he served as vice chairman, global banking. During his
banking career Mahoney acted as an advisor to companies across a broad
range of industries and product areas, particularly equity, debt and M&A.
He earned his undergraduate degree from the University of Chicago and his
graduate degree from Oxford University, where he was a Rhodes Scholar.
-- Michael McNamara, 52, chief executive officer of Flextronics
International Ltd., a leading electronics manufacturing services provider.
McNamara has served as Flextronics's CEO since 2006, and previously was the
company's chief operating officer. Prior to joining Flextronics, he was
president and CEO of Relevant Industries, which was acquired by Flextronics
in 1994. He serves on the board of MEMC Electronic Materials, Inc.
McNamara holds a B.S. degree from the University of Cincinnati and an MBA
from Santa Clara University.
-- Lawrence A. Zimmerman, 66, vice chairman and chief financial officer
of Xerox Corporation. He joined Xerox as CFO in 2002 after retiring from
IBM. A 31-year employee of IBM, Zimmerman held senior executive positions
including vice president of finance for IBM's Europe, Middle East and
Africa operations, and corporate controller. Zimmerman received a B.S.
degree in finance from New York University in 1965 and an MBA from Adelphi
University in 1967. He is a member of the board of directors of The Stanley
Works and Brunswick Corporation.
Additional appointments to the Board are expected.
Delphi Automotive LLP was created in October 2009 when a group of private
investors acquired assets of the former Delphi Corporation. Delphi is a
leading global supplier of electronics and technologies for autos,
commercial and other vehicles and has more than 100,000 employees at 270
locations and 24 engineering centers in 32 countries. More information
regarding the company and its board may be found at www.delphi.com.