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.
Go deeper with GlobalData
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
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
