Visteon CFO William Quigley III will resign! Martin Welch will step in!

Article by Christian A., on October 18, 2011

Visteon Corp. announced that its CFO, William Quigley III, will resign effective Oct. 31. The decision is said to be a "mutual resignation" but that it was an involuntary termination, according to Jim Fisher, director of corporate communications at Visteon. Quigley, who was the CFO since 2007, will leave with over $9.9 million in severance and accelerated restricted stock. Martin Welch, a former CFO at Kmart Corp. and Federal-Mogul Corp., will take the place of Quigley as executive vice president and CFO.

Fisher said that Visteon is making this management change in order to be led by an experienced CFO. He described Welch to be a “tremendously capable and experienced leader.”

He explained that CEO Don Stebbins made this decision for a “world-class leadership class” to be put in place. From 2005-2009, Welch served as the executive vice president and CFO of United Rentals Inc.

From 2006 to 2009, he served on Delphi Corp.’s board of directors. He also held different executive titles at Chrysler Group. Welch got his bachelor's degree and an MBA from the University of Detroit and is presently a member of its board of trustees.

Topics: visteon

If you liked the article, share on:

Pin It

Comments

Recommended

Lamborghini has officially offered clear proof that the Huracán Performante was able to set a new record at the Nürburgring Nordschleife with a time of 6:52.01 It was in early...
by - March 25, 2017
Top Gear has revealed that for its “Stars in a Reasonably Fast Car” segment, it will now be using a slightly enhanced Toyota GT86, which in the U.S. market is...
by - March 24, 2017
Porsche is laying aside any plans of pushing another hybrid hypercar into their line-up -- at least not at this time. Oliver Blume, Porsche Global Chief confirmed in a recent...
by - March 24, 2017
Since 1993, Lexus has produced 4 generations of the Lexus GS, with the GS F amongst its newest member of the family. Unfortunately, rumors are also heating up that the...
by - March 24, 2017
In a leaked image following a presentation held in China, we learned that Czech automobile manufacturer Skoda will soon unveil 2 more new SUVs in China, resulting in a four-model...
by - March 24, 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