Delphi Automotive chief executive officer and president Rodney O’Neal, who guided the top auto supplier from Chapter 11 bankruptcy through restructuring and a successful IPO will retire early in 2015.
The supplier’s CFO and executive VP Kevin Clark was named COO today (9 September) and takes up the role on 1 October. He will replace O’Neal as CEO and president on 1 March, 2015.
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O’Neal, 61, will remain in an advisory role until the end of 2015.
Mark Murphy, formerly president, US Industrial Gases, Praxair, replaces Clark, also on 1 October.
Delphi chairman Jack Krol said: “Rodney O’Neal has been an exceptional CEO in guiding Delphi’s transformation and positioning it as an industry leader. After successfully leading the company through its Chapter 11 restructuring, Rod took Delphi public with its IPO in 2011, generating significant shareholder value. With Rod at the helm, Delphi’s market capitalisation has increased more than three-fold to $21 billion. We are extremely grateful for his invaluable contributions and look forward to his continued support in an advisory role.”
As COO, Clark will continue to report to O’Neal and will be responsible for all business segments, as well as the global supply management function.
Clark, 52, joined Delphi as CFO, became senior vice president in 2012 and was named executive vice president in 2013. He began his career in the automotive industry working in the finance departments of Chrysler and Federal Mogul.
Prior to his time at Praxair US Industrial Gases, Murphy was president, Praxair Surface Technologies and Electronic Materials. He has also served as the CFO for MEMC Electronic Materials (now known as SunEdison), corporate controller of Praxair, and vice president of finance of Praxair Asia, in Shanghai.
“Mark brings outstanding expertise to Delphi,” O’Neal said. “He has a broad range of financial and operating experience in senior management positions with large and complex global companies.”
