TRAVERSE CITY, Mich. - Visteon Corp. has replaced its global purchasing chief with a global sourcing council.
"We're looking for the best global price on a regional basis," said the council's chairman, Paul Radkoski.
But getting the best price is only part of the council's job. It also will look at quality, delivery and technology.
The impact that the new council will have on the company - which is trying to turn its first annual profit - and its suppliers is unclear.
"Visteon in the short term doesn't always look great, but they're doing whatever they can from a long-term perspective to improve the company," says Robert Hinchliffe, associate director at UBS Warburg LLC in New York. "Maybe this is an example of that."
The council was formed in late May, soon after Visteon reassigned its global purchasing chief, Jonathan Maples, to head the supplier's Ford account in North America. Visteon says it moved Maples from vice president of quality and materials management because his experience will help Visteon manage its biggest customer.
Ford spun off Visteon in June 2000.
Radkoski, 44, was promoted to vice president of North American materials management. Visteon has not named a vice president of quality.
The council includes Visteon's three top regional executives and John Kill, senior vice president of product development.
"And we invited, out of respect for his opinion, Jon Maples, even though he really doesn't have a say," Radkoski said in an interview with Automotive News during the Management Briefing Seminars here.