Delphi Corp. on Thursday named Robert "Steve" Miller as the company's new chairman and chief executive officer, effective July 1.
Miller, 63, most recently the non-executive chairman of Federal-Mogul, will succeed Delphi's founding chairman, JT Battenberg who had earlier announced his intention to retire before the end of the year, following 44 years in the industry. He had agreed to remain at Delphi until a successor was in place.
Miller also will become the chairman of the Delphi strategy board, the company's top policy-making group. He will oversee the transformation strategy underway at the company, including its growth objectives and resolution of financial issues.
"Steve's global experience at a wide variety of companies will be very helpful as Delphi continues to balance its growth and customer diversification with solving its legacy cost issues -- particularly in North America," said John Opie, lead director of the Delphi Board. The board will be working closely with Steve on a number of scenarios to return Delphi to its position of strength in the industry."
The selection of Miller ends a six-month internal and external search for Battenberg's successor. Opie added that Battenberg has agreed to be available for 30 days of consulting with the board and Miller to assure a smooth transition.