Global battery supplier Clarios, former unit of Johnson Controls Inc., named Mark Wallace as its new CEO. The appointment was effective Monday.
The year-old supplier, of Milwaukee, said in a statement Tuesday that interim CEO John Barkhouse will be board chairman.
"Mark has a demonstrated history of driving revenue growth and improving profit margins," Barkhouse said in a statement. "His experience as a leader with extensive knowledge of the OE and aftermarket industries ensures Clarios and its customers are in good hands, and our strategic plan will continue to advance globally."
Wallace, 53, comes from Dana Inc., where he was president of the commercial vehicle drive and motion systems business.
According to the statement, Wallace also held several executive posts at sunroof supplier Webasto along with stints at Magna International and Cooper Automotive.
Clarios, the world's largest automotive battery supplier, with about $8 billion in annual business, was sold a year ago to industrial company Brookfield Business Partners in a $13.2 billion transaction. Former parent company Johnson Controls spun off its global seating business into Adient in 2016.