LEA

Lear Corporation Appoints Carl Esposito as Senior Vice President, IDEA

Lear Corporation (NYSE: LEA) has announced two key leadership changes as it drives toward an Innovative, Digital, Engineered and Automated (IDEA) future. Carl Esposito, the Senior Vice President and President of E-Systems since 2019, has been appointed as the Senior Vice President, IDEA by Lear. Esposito brings a wealth of experience from his previous role as President of the Electronic Solutions Strategic Business Unit for Honeywell Aerospace, overseeing strategy, product development, and sales for the $5 billion business.

Under Esposito's leadership, the company aims to think differently, drive accountability, and move quickly in the areas of product innovation, automation, and operational excellence. Lear's President and CEO, Ray Scott, expressed confidence in Esposito’s engineering background and broad experience in product development and operations, highlighting his suitability to lead IDEA by Lear.

In Esposito's stead, Nick Roelli, Vice President of Seating, North America, will assume the role of Senior Vice President and President of E-Systems. Roelli's extensive experience in the automotive industry, spanning various roles since joining Lear in 1994, positions him well to take on this new responsibility. Ray Scott expressed confidence in Roelli, citing his successful leadership in achieving industry-leading results in profitability, quality, delivery, and launch performance.

Lear Corporation, a global automotive technology leader in Seating and E-Systems, is committed to innovation, operational excellence, and sustainability. The company, headquartered in Southfield, Michigan, serves every major automaker in the world and ranks 189 on the Fortune 500.

The company’s transition toward an IDEA future is underscored by these leadership changes, reflecting its strategic focus on leveraging technology and automation to drive growth, improve profitability, and extend its leadership in operational excellence. As a result of these announcements, the company's shares have moved -0.9% on the market, and are now trading at a price of $129.54. If you want to know more, read the company's complete 8-K report here.

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