SAGINAW, Mich. -- Nexteer Automotive President and CEO Bob Remenar, 56, stepped down to become chief executive of Diversified Machine Inc., an aluminum castings supplier in suburban Detroit. Effective immediately, Nexteer COO Laurent Bresson, 40, becomes president and Chairman Guibin Zhao, 48, adds the CEO title. Nexteer, which is Chinese-owned, produces steering components. It had estimated revenues of $2.2 billion in 2011.
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