Feb 25, 2019 / 07:50PM GMT
Rajiv Lochan Gupta - Aptiv PLC - Chairman of the Board
Well, thank you, Mark, for selling that book. Well, in late 2009, I was asked to join the board of restructuring in a transforming story, Delphi Automotive. Delphi, a global automotive supplier, was the predecessor to what is known today as Aptiv, following the spinoff of the Powertrain business in 2017. Delphi's initial CEO, Rod O'Neal, had been handed a bankrupt company in 2007, structurally uncompetitive on many fronts that lacked a vision for the future. As the team worked to dramatically improve its cost and technology competitiveness, it was strategic imperative to have a proven public company CFO to aid in this endeavor. We were very fortunate to recruit Kevin Clark with a demonstrated track record of value creation, dating back to his days at Fisher Scientific. When Rod retired, the board and our investors viewed Kevin as the most logical successor. As one of the research analysts noted, changing of the guard at Delphi, legend passes mic to a humble rock star. We are very confident in Delphi's management team, led by Kevin Clark, whose
Aptiv PLC at CECP CEO Investor Forum Transcript
Feb 26, 2019
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