Visteon Corporation chief financial officer and executive vice president Daniel Coulson will retire on March 31, after 38 years with both the components supplier and its former owner Ford.
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A Visteon press release on Friday reportedly said the firm is “making excellent progress” in its search for Coulson’s successor, and hopes to announce its plans soon.
Dow Jones said Coulson was director of worldwide accounting for Ford before Visteon’s spinoff and became finance chief after the firm was separated from the carmaker in 2000.
The news agency’s report noted that Visteon last month reported a wider-than-expected fourth-quarter loss, but said it expects cost-cutting and business with a variety of new vehicle manufacturing customers to push earnings into the black in 2004.
