Miller, 73, who guided Delphi Automotive through a difficult bankruptcy reorganization from 2005 to 2009, is known as a corporate turnaround artist. But in a written statement, IAC Chairman Wilbur Ross said his company does not require a turnaround.
“Steve’s corporate roles often have drawn upon his turnaround experience, but that is not the case here,” Ross said. “Our interest is in his automotive experience and relationships.”
IAC Group, a maker of instrument panels, door panels and interior trim, generated sales of $5.9 billion last year. The company employs 32,000 people, and has 82 factories in 19 countries.
Based in Luxembourg, IAC ranks 43rd on Automotive News’ list of the top 100 global suppliers.
Dana Holding Corp. produces axles, drive shafts and thermal management components. With sales of $6.6 billion last year, the Toledo-based supplier ranks 39th on Automotive News’ list of the top global automotive suppliers.