Industry Veteran to Lead Global Propulsion Systems Supplier
Delphi Technologies PLC (NYSE: DLPH), a global technology leader in vehicle propulsion systems, has appointed Richard F. (Rick) Dauch, 57, as the company’s new chief executive officer, effective January 7, 2019. Dauch will also join the company’s board of directors. He succeeds Hari N. Nair who has been serving as interim CEO since October 5, 2018.
“We are pleased to announce Rick Dauch’s appointment as CEO. He is a strong executive with more than 25 years of industry experience including 10 years serving in CEO roles with private and publicly traded companies,” said Timothy M. Manganello, non-executive chairman of the company’s board of directors. “Rick’s deep industry expertise, leadership qualities and track record of driving operational excellence and profitable growth make him an outstanding choice to lead Delphi Technologies during a time of dynamic industry change. The board would also like to thank our fellow board member Hari Nair for his leadership as interim CEO while we conducted the search for a permanent CEO.”
Dauch is a proven executive in the automotive and commercial vehicle industries with extensive operational, commercial and P&L experience. Since February 2011, he has been serving as the president and chief executive officer of Accuride Corporation, a leading supplier of wheel end systems to the global commercial vehicle industry.
Previously, he was president and chief executive officer of Acument Global Technologies, the preeminent global fastening solutions provider to the aerospace, automotive, heavy-duty truck, industrial, and non-automotive transportation markets. He joined Acument following a 13-year career with American Axle and Manufacturing, where he last served as executive vice president of worldwide manufacturing for the global automotive supplier of driveline, drivetrain and chassis systems.
Dauch began his career with United Technologies. He previously served as an officer in the U.S. Army for seven years after earning a bachelor’s degree from the United States Military Academy at West Point, where he was a four-year football letterman. He holds master’s degrees in management and engineering from the Massachusetts Institute of Technology, where he was a fellow in the Leaders for Manufacturing program.
For Additional Information
A description of the company’s employment agreement with Mr. Dauch, including the material terms of the inducement and incentive awards made to Mr. Dauch, can be found in the Current Report on Form 8-K filed today with the U.S. Securities and Exchange Commission.