DETROIT - Tom Stallkamp will join MSX International Inc. as vice chairman and CEO.
Stallkamp, 53, is vice chairman of DaimlerChrysler in North America but was ousted in a September boardroom shuffle and will leave the company at the end of the year.
MSX, a privately held Auburn Hills, Mich., company, provides contract engineering for General Motors, Ford Motor Co. and DaimlerChrysler.
'It's a vote of confidence in our growth potential,' MSX spokesman Bruce Wagner said of Stallkamp's hiring. 'Someone of Tom Stallkamp's abilities would only come to MSX if there was a strong possibility for growth over the next years.'
MSX is considering whether to go public, said Chairman and interim CEO E.H. Billig. Stallkamp brings a strong manufacturing and supply chain management background, qualities that Wall Street looks for.
'He would play a key role in not only helping us but also in making a decision of when and if to go public,' Billig said.
Before the management board shakeup at DaimlerChrysler, Stallkamp had been touted as a possible successor to current Chairmen Juergen Schrempp and Robert Eaton. Stallkamp built a reputation over more than 20 years at DaimlerChrysler for working harmoniously with suppliers and reducing costs.
MSX is owned by MascoTech Inc., a specialty metal formed products manufacturer, along with CitiCorp Venture Capital and MSX senior management.
The company is expected to have $1.3 billion in revenue for 1999, Wagner said.
Stallkamp's addition is the only current management change at MSX, Billig said. The company operates with two presidents: Roger Fridholm is the president of the business technology and staffing services group, and John Risk is president of the engineering services group.
Michael Woodyard and Crain's Detroit Business