Auto technlogy supplier Aptiv shifted high-volume production out of Ukraine

CEO Kevin Clark says Aptiv moved the production out of Ukraine over the last few months 'so we were better positioned to manage disruption.'

February 25, 2022 08:55 AM

Reuters

CEO Kevin Clark: "Over the course of the last couple of months, we actually moved a couple of what I call high runner programs out of the Ukraine."

Automotive technology supplier Aptiv shifted high-volume production of parts for vehicles out of Ukraine over the past couple months ahead of possible hostilities, CEO Kevin Clark said.

"Over the course of the last couple of months, we actually moved a couple of what I call high runner programs out of the Ukraine ... just so we were better positioned to manage disruption," Clark said at a Barclays conference on Thursday.

Aptiv swapped in "lower runners" in the place of those programs, he said.

An Aptiv spokeswoman said Clark's "high runner" and "lower runners" comments were in reference to high- and low-volume programs, but declined to comment further.

Russian forces pressed their advance on Friday after invading Ukraine. Missiles pounded Kyiv and authorities said they were girding for an assault at overthrowing the government.

Aptiv ranks No. 19 on the Automotive News list of the top 100 global suppliers with worldwide sales to automakers of $11.5 billion in 2020.