DETROIT -- When David Wajsgras quit as CFO of Lear Corp. in February to take on the same role at Raytheon Co., Lear Vice Chairman James Vandenberghe was given the title and responsibility.
Lear has now shifted some of those duties to others.
The company said today that it has promoted Daniel Ninivaggi, 42, to executive vice president, secretary and general counsel, from a senior vice president position. In his new role, Ninivaggi will assume some of Vandenberghe's oversight responsibilities, including corporate development and taxes, treasury, risk management and investor relations. He also will be chief administrative officer and oversee planning.
Ninivaggi will report directly to Chairman and CEO Robert Rossiter.
Vandenberghe will continue as vice chairman and CFO, overseeing operational finance, human resources, corporate communications and information technology.
Lear also announced other promotions, effective immediately:
- Matthew Simoncini, 45, currently vice president of global finance and chief accounting officer, joins the leadership team as senior vice president of operational finance. He will retain his current duties.
- Eric Rasmussen, 38, was promoted to vice president of corporate development, where he will manage Lear's worldwide corporate development and planning, including mergers and acquisitions. Previously, he was vice president of financial planning and analysis.
Lear, of Southfield, Mich., supplies interior systems; seats; instrument and door panels; overhead, flooring and acoustics systems; and electronic and electrical distribution systems. It ranks No. 7 on the Automotive News list of the top 100 global suppliers, with original-equipment automotive parts sales of $17.09 billion in 2005.
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