Textron Names Vicente Perez President & CEO of Kautex

PROVIDENCE, R.I.--Textron Inc. today announced that Vicente Perez has been named president and CEO of its Kautex business unit, effective immediately. Perez succeeds Lothar Rosenkranz who is retiring after 22 years of outstanding service to Textron. Rosenkranz will remain with Kautex through the end of the year as Chairman to ensure a smooth and seamless transition of leadership.

“His international experience along with his proven leadership makes Vicente the ideal candidate to help Kautex continue to innovate its product offerings and maximize its global growth opportunities.”

Perez, 42, has been serving as chief commercial officer of Kautex since 2008, overseeing research and development, marketing and business development as well as sales and program management. Perez joined Kautex in 1996 as the controller for Kautex’s division in Spain, and since then has assumed various leadership roles including manager of Kautex’s plants in Brazil and Spain, customer business manager, and executive vice president of operations in North America. Before joining Kautex, Perez held key finance and sales positions with Peguform, a supplier of plastic parts to the automotive industry, at their divisions in the Czech Republic and France.

“Vicente has a track record of success across the globe in diverse areas ranging from finance and operations to distribution, sales and marketing, and program management,�?? said Textron President and Chief Executive Officer Scott Donnelly. “His international experience along with his proven leadership makes Vicente the ideal candidate to help Kautex continue to innovate its product offerings and maximize its global growth opportunities.�??

Commenting on Rosenkranz’s retirement, Donnelly said, “Under Lothar’s leadership, Kautex has become one of the top automotive suppliers in the world. His dedication to delivering quality products that exceed customer expectations has led to the launch of several pioneering products, such as the Next Generation Fuel System – and his commitment to continuous improvement and operational excellence has positioned Kautex for ongoing success.�?? Donnelly added, “We are grateful for his many years of dedication and service to the corporation and wish him the very best in his retirement.�??

About Textron Inc.

Kautex is a subsidiary of Textron Inc., a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Lycoming, E-Z-GO, Greenlee, and Textron Systems. More information is available at www.textron.com.