Nexteer Automotive Corp. President Laurent Bresson resigned from the former General Motors parts unit today.
Bresson, 44, left the Chinese-controlled steering and driveline systems supplier on good terms to pursue an undisclosed opportunity, the company said.
Michael Richardson, 60, replaces Bresson as president and COO on an interim basis, adding to his current responsibilities as senior vice president and chief strategy officer.
The board is organizing to find a permanent replacement, the company said in a press release.
Guibin Zhao remains Nexteer's chairman and CEO.
Richardson has spent his entire career with the former General Motors steering division through its many owners, including Delphi Automotive and now Nexteer.
He received a bachelor's degree from Kettering University and an MBA from Central Michigan University.
Nexteer, which went public in 2013 on the Hong Kong Stock Exchange and reported nearly $3.4 billion in revenue last year, recently completed the move of its headquarters from its production plant in Saginaw, Mich., to a 52,000-square-foot building in Auburn Hills.
The new location houses about 150 of Nexteer's 5,000 Michigan employees, including its C-suite, global financial team, human resources, information technology and sales staff.
AVIC Automotive Systems Holding Co., a subsidiary of China-based Aviation Industry Corp., has been a controlling shareholder of Nexteer since General Motors sold off the division in 2010, which it had taken over from Delphi in 2009.