From being a renowned consultant, automotive veteran Larry Denton will soon become the president of fuel-line maker Nobel Automotive Group. Denton, who is 60 years old, has been an independent consultant since 2008.
This was right after he left maker of door modules and cables, Dura Automotive Systems Inc., as CEO shortly after steering it through a 20-month bankruptcy restructuring. Denton aims to diversify from Nobel's core business, which is making lines that run between the fuel tank and the injector.
Denton wants to include brake lines and is considering products such as fuel gauges. He also wants to expand Nobel beyond its core customer base, which includes PSA Peugeot Citroen, Renault SA and Ford Motor Co.
In an interview, Denton said that Nobel has “excellent growth opportunities around the world.” He believes that what it needs now is to boost its opportunities with other OEMs and capitalize on those that it already has with its top customers.
He revealed that he is also examining the possibility of acquisitions and joint ventures. Nobel, a French unit of Turkish conglomerate Orhan Holding A.S., has its North American headquarters in suburban Detroit.