Frederic Lissalde has spent a past 28 years doing business in automotive propulsion. Last week, he was named CEO during one of a world’s biggest thrust companies — BorgWarner Inc. — next James Verrier, who is retiring.
“I know all business around a universe in a thrust area, so that’s going to be an asset,” Lissalde told Automotive News.
In January, Lissalde, 50, stepped into a purpose of COO, a pursuit formerly hold by Verrier though empty given Verrier was promoted to CEO in 2013. Prior to that, Lissalde was boss and ubiquitous manager of a company’s turbo systems business.
In his new role, Lissalde pronounced he will concentration on business growth, patron relationships, product plan and expansion execution.
Verrier, 55, will palm over a CEO pretension effective Aug. 1. To palliate a transition, he will offer in a nonexecutive advisory purpose until he retires in February.
He pronounced he is looking brazen to spending some-more time with his family.
“The company’s in good shape,” Verrier said, vocalization in a same review with Lissalde. “We’ve got a fanciful plan that’s in place that we’re executing beautifully.”