Adient PLC at Bank of America Global Automotive Summit Transcript
If everybody can get settled in. If we could maybe close that door over there. Just that would be great. Thank you very much.
Next up, we're very happy to have Adient. Adient is the largest seat supplier in the world. It's taken some major steps forward after some prior management missteps. It certainly -- really, I think we turned a corner in a major way since Doug Del Grosso, dropped in to save the company about 3 years ago. In concert with that, they've made a number of financial moves led by Jeff Stafeil, who's here, the CFO, including ending its joint venture with Yanfeng, consolidating some of its operations and using the proceeds, I would say a lot of the proceeds, big proceeds to delever and it appears the company is really on track at this point. And we think it's really just the right time because we believe, despite what's going on here in the near term, the cycle will really recover and the company will hit [PAGR] in 2023 plus.
We're very happy to have Jeff Stafeil, the CFO of
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