Is dealing with the government easier than dealing with automakers? David Wajsgras is about to find out.
Wajsgras gave notice last week that he will quit as CFO of interior supplier Lear Corp. on March 10 so he can take a similar job with defense systems maker Raytheon Corp.
In addition to his CFO duties, Wajsgras was leading Lear's Interior Systems division, which has been hit hard by rising raw material prices and falling sales at key customers Ford Motor Co. and General Motors.
He was also part of the team negotiating with investor Wilbur Ross to team up and make a bid for bankrupt interior supplier Collins & Aikman.
Lear said Vice Chairman James Vandenberghe would be interim CFO while it looks for a replacement. President Douglas DelGrosso will again take the reins of the interiors division.