Jeffrey Vanneste is the new vice president and CFO of Lear

Article by Christian A., on February 21, 2012

Starting March 15, Jeffrey Vanneste will become senior vice president and CFO of Lear Corp. It was just five years ago that Vanneste had left to work for the supplier's former interiors unit. The latest position he held was as executive vice president and CFO of International Automotive Components Group. In 2007 Vanneste entered IAC in 2007 when the company, which was owned by investor Wilbur Ross, acquired the North American interiors division of Lear.

In late 2009, Lear emerged from a four-month bankruptcy but it kept a 23% stake in IAC. Vanneste had served as the vice president of finance for Lear's European operations before it joined IAC. Vanneste is the replacement for interim CFO Jason Cardew. Lear has yet to clarify if Cardew will stay with the company.

Dennis Richardville, the vice president of finance and global corporate controller, was named as the interim CFO of IAC. In a statement, the company said that a search is being conducted to replace Vanneste. Based in Southfield, Mich., Lear is the eighth largest supplier to North America, according to the Automotive News rankings. In 2010, Lear posted sales of $4.1 billion in original equipment parts in North America.

Topics: lear

If you liked the article, share on:

Pin It

Comments

Recommended

The German automaker Volkswagen is now racing against time to come up with electric vehicles that will be able to pass Europe and China's stringent emission standard. The car company...
by - March 22, 2017
In the last few years, the advent of compact sedans and crossovers has become quite overwhelming. Even two of the major manufacturers that “started it all” have to admit that...
by - March 22, 2017
By 2020, Audi will be throwing out not just one but three fully-electric vehicles. One of which will be pitted against the BMW i8. This new information was revealed by...
by - March 22, 2017
Tesla confirms that they will be discontinuing the fairly new Model S 60 and 60D sedans as soon as next month. Why, you ask? The company wants to make enough...
by - March 22, 2017
Have you ever wondered how much luxury car companies profit from every vehicle they sell? And which companies profit more? Well, in 2016, Porsche sold over 238,000 vehicles. That is...
by - March 22, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries