Meggan M. Walsh Joins PHINIA Board

PHINIA Inc. has recently announced the election of Meggan M. Walsh to its Board of Directors, effective July 1, 2024. Ms. Walsh, with 35 years of investor leadership experience, has previously served as a Senior Portfolio Manager and Head, Dividend Value at Invesco Ltd, a global independent investment management firm.

Rohan Weerasinghe, PHINIA’s independent Chair of the Board, expressed his pleasure in welcoming Meggan to the PHINIA Board of Directors, highlighting her extensive leadership experience in both fixed income and equity portfolio management, particularly in Industrials. He emphasized that Meggan's investor perspective will significantly contribute to the Board’s understanding of investor expectations surrounding capital allocation, disciplined investments, shareholder returns, and oversight of risk management within a complex, global organization.

PHINIA, a market-leading premium solutions and components provider with over 100 years of manufacturing expertise and industry relationships, has a strong brand portfolio that includes DELPHI®, DELCO REMY®, and HARTRIDGE®. The company has over 13,000 employees across 44 locations in 20 countries and is headquartered in Auburn Hills, Michigan, USA.

The company develops fuel systems, electrical systems, and aftermarket solutions designed for a diverse array of commercial vehicle, industrial, light vehicle, and aftermarket customers. Their products and solutions are aimed at keeping combustion engines operating at peak performance, investing in advanced technologies to unlock the potential of alternative fuels, and contributing to a lower carbon mobility.

For additional information, PHINIA Inc. provides an IR contact, Kellen Ferris, Vice President, Investor Relations at [email protected] and a media contact, Kevin Price, Global Brand & Communications Director at [email protected]. As a result of these announcements, the company's shares have moved -2.0% on the market, and are now trading at a price of $40.12. For more information, read the company's full 8-K submission here.

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