BorgWarner has named James Verrier, 49, president and chief executive officer from 1 January, 2013, when he will also join the board. Current chairman and CEO Timothy Manganello will continue as executive chairman until his planned retirement at the 24 April, 2013 annual meeting, at which time he will step down from the board.
At that time, the current lead director, Alexis Michas, will become non-executive chairman.
Go deeper with GlobalData
Verrier has held positions of increasing responsibility during his 23 years with the company and is currently president and chief operating officer. Previous positions include president and general manager BorgWarner Morse TEC and vice president and general manager BorgWarner Turbo Systems, passenger car products based in Germany.
