Delphi Technologies appoints Richard F. Dauch as Chief Executive Officer

PRNewswire 7-Jan-2019 9:00 AM

LONDON, Jan. 7, 2019 /PRNewswire/ -- Delphi Technologies PLC (NYSE:DLPH), a global technology leader in vehicle propulsion systems, has appointed Richard F. (Rick) Dauch, 57, as the company's new chief executive officer, effective January 7, 2019. Dauch will also join the company's board of directors. He succeeds Hari N. Nair who has been serving as interim CEO since October 5, 2018.

"We are pleased to announce Rick Dauch's appointment as CEO. He is a strong executive with more than 25 years of industry experience including 10 years serving in CEO roles with private and publicly traded companies," said Timothy M. Manganello, non-executive chairman of the company's board of directors. "Rick's deep industry expertise, leadership qualities and track record of driving operational excellence and profitable growth make him an outstanding choice to lead Delphi Technologies during a time of dynamic industry change. The board would also like to thank our fellow board member Hari Nair for his leadership as interim CEO while we conducted the search for a permanent CEO."

Dauch is a proven executive in the automotive and commercial vehicle industries with extensive operational, commercial and P&L experience. Since February 2011, he has been serving as the president and chief executive officer of Accuride Corporation, a leading supplier of wheel end systems to the global commercial vehicle industry.

Previously, he was president and chief executive officer of Acument Global Technologies, the preeminent global fastening solutions provider to the aerospace, automotive, heavy-duty truck, industrial, and non-automotive transportation markets. He joined Acument following a 13-year career with American Axle and Manufacturing, where he last served as executive vice president of worldwide manufacturing for the global automotive supplier of driveline, drivetrain and chassis systems. 

"This is an exciting time to be a part of and lead the Delphi Technologies team as we continue to supply our global customer base with an industry-leading portfolio of internal combustion engine, hybrid and electric propulsion solutions. I look forward to our global team creating even greater long-term value for our customers and shareholders as we complete our full transition to a stand-alone company and continue to advance our technology leadership position," said Rick Dauch. "With the support of our experienced board of directors and working with our leadership team, we will continue to drive execution on consistent strategies for long-term profitable growth."

Dauch began his career with United Technologies. He previously served as an officer in the U.S. Army for seven years after earning a bachelor's degree from the United States Military Academy at West Point, where he was a four-year football letterman. He holds master's degrees in management and engineering from the Massachusetts Institute of Technology, where he was a fellow in the Leaders for Manufacturing program. 

For Additional Information
A description of the company's employment agreement with Mr. Dauch, including the material terms of the inducement and incentive awards made to Mr. Dauch, can be found in the Current Report on Form 8-K filed today with the U.S. Securities and Exchange Commission.

About Delphi Technologies
Delphi Technologies is a technology company focused on providing electric vehicle and internal combustion engine propulsion solutions, in addition to solving emissions and fuel economy challenges for the world's leading automotive OEMs. Delphi also provides leading aftermarket service solutions for the replacement market. With Headquarters in London, U.K., Delphi Technologies operates technical centers, manufacturing sites and customer support services in 24 countries. For more information about Delphi Technologies, please visit www.delphi.com 

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SOURCE Delphi Technologies PLC