Financially troubled Delphi Corp. is expected to name turnaround specialist Robert “Steve” Miller as its next chairman and chief executive, Reuters said, citing the Wall Street Journal.

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Citing people familiar with the situation, the newspaper reportedly said Miller, 63, will take up the posts on July 1, succeeding the departing JT Battenberg, who announced plans to retire shortly before the company’s accounting problems surfaced in March.


Both the US Securities and Exchange Commission and the Federal Bureau of Investigation are investigating Delphi’s accounting irregularities, the news agency noted, adding that the supplier this week halved its quarterly dividend to 1.5 cents per share.


Miller is expected to leave his current post as Federal-Mogul Corp.’s chairman, the report said.


Delphi confirms Miller as new chairman

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