Delphi Officers and Senior Executives Receive New Assignments
TROY, Mich., Feb. 12 The Delphi Board of Directors approved the following executive appointments at its February meeting: Raymond C. Campbell, 60, vice president of global purchasing, will retire April 1, after 37 years of combined service with General Motors Corp. and Delphi. R. David Nelson, 61, will succeed Campbell as vice president of global purchasing. Nelson will join Delphi from Deere & Company on March 1.
Ray Campbell Retires, Nelson Named Successor
``Ray has been a tremendous force in establishing a culture of partnership between Delphi and our suppliers,'' said J.T. Battenberg III, Delphi chairman, CEO and president. ``He was a member of my original team that prepared Delphi for, and then helped orchestrate, our IPO and separation from GM. His leadership and knowledge helped us move quickly and smoothly to establish an independent purchasing process and dedicated supply chain. The entire Delphi Strategy Board will miss Ray and his contributions to the team and to the business.''
Dave Nelson currently is vice president worldwide supply management for Deere & Company, headquartered in Moline, Ill. Prior to joining Deere & Company in December 1997, Nelson was a corporate officer for 10 years at Honda of America Mfg. Inc., in Marysville, Ohio. Nelson's career experience includes purchasing, supply management and various administration and management assignments at Honda of America, Deere & Company and TRW, Inc.
``We are extremely pleased that Dave will join Delphi after his distinguished service at Deere and Honda. Deere & Company is a valued customer and we are pleased that we are able to attract Dave to Delphi without impacting, but rather enhancing, that important relationship,'' said Battenberg.
Nelson will join the Delphi Strategy Board, the company's top policy- making group, and will report to Battenberg.
Ordonez Elected Aftermarket Operations Vice President
Ordonez also will join the Delphi Strategy Board and will continue to report to Donald L. Runkle, Delphi executive vice president and president of Delphi's Dynamics & Propulsion Sector.
In October, 1999, Ordonez assumed responsibility for integrating Delphi's global aftermarket sites and business lines into a focused, globally aligned unit. He has been the architect of Delphi's aftermarket, retail electronics and vehicle service strategies, and has overseen the reorganization of staffs and plants and completed strategic acquisitions including AP Lockheed Automotive and ATRi.
Ordonez joined Delphi in 1988 after a wide variety of finance assignments at General Motors. He began his GM career in 1970. While at Delphi he has held several finance, business planning and business team management assignments.
Arle named Corporate Audit Service Vice President and Delphi Corporate Auditor
Arle was previously vice president of mergers and acquisitions. He will remain a member of Delphi's Strategy Board and will continue to report to Alan S. Dawes, Delphi chief financial officer and executive vice president.
Audit Services is responsible for ensuring that Delphi's business processes comply with its high standards of ethical conduct and integrity of the company's reported performance. In connection with this objective, Arle will be responsible for managing the company's relationship with its independent auditor. Auditor independence and unquestioned financial reporting integrity are among several reasons that Delphi's Board of Directors has chosen to elevate the audit function to a vice president level.
Arle assumes responsibility for the audit staff's leadership development program, a two-year program where 8-10 high potential Delphi employees are selected annually to handle multiple problem-solving projects.
Arle will also report to Delphi's Corporate Audit Committee, which is comprised entirely of non-employee members of the Delphi Board. The Audit Committee is chaired by John Opie, former vice chairman of the board and executive officer, General Electric Co., and includes Robert Brust, executive vice president and chief financial officer, Eastman Kodak Co., Oscar de Paula Bernardes Neto, senior partner and chairman of LID (Latin American Internet Development Group) and Thomas Wyman, former chairman, president and chief executive officer of CBS, Inc. ``I'm very pleased that John's experience and character are being brought into Delphi's audit function,'' said Opie. ``During John's 25 year career he has demonstrated strong analytical skills, excellent knowledge of Delphi's global operations and is a real leader in our business. I'm confident he will make a strategically important contribution to the continued financial integrity of Delphi.''
Atul Pasricha elected Mergers, Acquisitions and New Markets Vice President
Pasricha, formerly executive director of Delphi's New Markets Unit, retains this responsibility and continues to report to Dawes. In this position, Pasricha will integrate the new markets unit with existing mergers and acquisitions activities. This move will focus resources to profitably expand Delphi's acquisitions, new markets business initiatives and aggressive growth business line activities. This staff also will assume responsibility for Delphi's technology commercialization and licensing activities and will continue to coordinate overall portfolio analysis. Pasricha has extensive experience in treasury, international acquisitions, capital planning, corporate finance and business development. At Delphi and previously at GM, he held various international business development and treasury assignments in the United States and throughout the Asia Pacific region.
In other related appointments:
Lloyd Johnson Named Mergers, Acquisitions and New Markets Executive Director
Lloyd E. Johnson, 47, is named executive director, mergers, acquisitions and new markets, reporting to Pasricha. Johnson was formerly Delphi's general auditor.
``Lloyd established Delphi's first-ever Corporate Audit Staff and in three years he built a very strong audit function and robust audit process,'' said Dawes. ``Lloyd's strong analytical skills will be critical to our success as we integrate the new markets and mergers and acquisitions activities,'' said Dawes.
Bellar named Safety & Interior Systems Finance Director
Fred M. Bellar, 48, is appointed finance director of Delphi Safety & Interior Systems replacing Ernest A. Knobelspiesse, who will retire on April 1 after 32 years of service at GM and Delphi. Bellar was formerly executive director, Delphi mergers and acquisitions. Bellar joined General Motors in 1977 and has worked at various Delphi divisional and headquarters financial, manufacturing, and mergers and acquisitions assignments in the United States and Europe.
``Fred's broad financial, manufacturing and M&A experience make him well qualified for this new assignment. He has made extremely valuable contributions to building a disciplined approach to our venture and business development processes. He has a rigorous approach to business analysis and strong leadership skills that will make him a strong contributor to the Safety & Interior leadership team,'' said Dawes.
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