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:

Comments

Recommended

A lot of fans are excited with the news that Porsche could be unveiling a performance version of its Panamera 4 E-Hybrid plug-in hybrid during the 2017 Geneva Auto Show. ...
by - February 25, 2017
Tesla is finally setting a more “definite” schedule with regards to the official launch of the Tesla Model 3 electric car. A “limited production” is said to be slated to...
by - February 25, 2017
Are you a big fan of legendary boxer Mike Tyson, the former heavyweight world champion? Or are you a big fan of the iconic Ferrari F50? Either way, you will...
by - February 24, 2017
It seems that AM-RB 001 hypercar is not the only vehicle project that Aston Martin and Red Bull Racing has gone into. This time, don’t expect something as outlandish as...
by - February 24, 2017
The year 2018 marks the golden anniversary of Subaru of America. Of course, the company will celebrate 50 years of being at the helm of the brand’s crusade in North...
by - February 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