Nexteer endured a period of management churn. From 2010 through 2016, the company had four CFOs. French executive Laurent Bresson, who was president, departed in 2016.
Bresson's replacement, Michael Richardson, handled strategic planning, mergers and acquisitions. Tao Liu, who was vice president of China operations, ran day-to-day operations as COO. Two years later, this management team remains in charge.
Richardson is a Steering Gear veteran who joined the company in 1974 as a 17-year-old high school graduate. And Liu is the liaison with CEO Zhao, who is based in Beijing.
Now the company is preparing for the future. In 2017, Nexteer announced a joint venture to develop steering systems for autonomous vehicles. The goal: a steer-by-wire system for retractable steering wheels.
If it works out, Nexteer will be returning to its roots as a technology leader — with Chinese help.