Dura Automotive Systems Expands Management Team
11 January 2000
Dura Automotive Systems Expands Management TeamROCHESTER HILLS, Mich., Jan. 11 -- Dura Automotive Systems, Inc. a global leader in Driver Control Systems, Body and Glass Modules, Engineered Assemblies and Seating Systems, has named William F. Ohrt its Chief Financial Officer. Ohrt comes to Dura from Navistar International, and replaces Steve Graham. Graham, who will assist Ohrt in his transition to Dura, will remain with the company. He will pursue career opportunities outside the Dura financial organization. "Bill brings 21 years of automotive business and financial expertise, and has an impressive record of achieving stretch financial goals and improving the profitability of automotive supplier businesses," said company CEO Karl Storrie. "He will help us meet our objectives in this rapidly changing industry." "I'm looking forward to working with the people of Dura," says Ohrt, "to provide the financial leadership necessary to increase shareholder value and expand Dura's presence in the industry. I will focus on enhancing operating results, careful net asset management, and meeting or exceeding stretch profit targets." Ohrt earned a BS in Accounting from Wayne State University in 1975, and a MBA-Finance from the University of Detroit in 1981. In addition he is a Certified Public Accountant in the State of Michigan. He began his career in 1975 as auditor for Price Waterhouse LLP before moving to AlliedSignal in 1979. Ohrt moved up through the Allied Signal ranks before being named Vice President of Finance, Allied Signal Turbocharger Systems. From this position he helped lead the financial turnaround of the division. In May of 1997, Ohrt joined ITT Automotive where he was Vice President of Finance for the Electrical Systems division. He led the group's Cost Base Initiative restructuring program which generated significant annual savings, and improved operating margins. One year later, Ohrt moved to Navistar International. As Vice President and Chief Financial Officer of the company's Truck and Parts Group, Ohrt was responsible for budgeting, forecasting, strategic financial planning, cost control and internal control for the $6.0 billion Truck Group and the $900 million Service Parts Group. A resident of Rochester Hills, Michigan, Ohrt is married and the father of two children. He is a member of the AICPA, MACPA and Beta Gamma Sigma National Honor Society. Dura Automotive Systems' headquarters are located in Rochester Hills, Michigan. The company is a $2.5 billion global supplier of engineered systems with more than 20,000 employees and 80 facilities worldwide. Its product portfolio includes parking brake systems, switch assemblies, shift mechanisms, door modules, body and glass modules, and seating systems.