SOURCE: Delphi Corporation

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 supply.

"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 manufacturers."

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
    University.
    
--  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.

About Delphi

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.

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