SOUTHFIELD, Mich., May 20, 2024
/PRNewswire/ -- Lear Corporation (NYSE: LEA), a global
automotive technology leader in Seating and E-Systems,
effective May 16, made two key
changes to its leadership team as it drives toward an Innovative,
Digital, Engineered and Automated (IDEA) future.
As previously announced by Lear in April, IDEA by Lear
represents the next phase of the company's strategy to drive growth
and improve profitability by utilizing technology and automation to
develop innovative products and extend its leadership in
operational excellence.
To lead this evolution, Lear has appointed Carl Esposito, who has served as Senior Vice
President and President of E-Systems since 2019, as Senior Vice
President, IDEA by Lear.
"Carl's engineering background and broad experience in product
development and operations make him the ideal candidate to lead
IDEA by Lear," said President and CEO Ray
Scott. "Under Carl's leadership, we will think
differently, drive accountability and move quickly in the areas of
product innovation, automation and operational excellence."
Before joining Lear, Esposito served as President of the
Electronic Solutions Strategic Business Unit for Honeywell
Aerospace, where he oversaw strategy, product development, and
sales for the $5 billion
business.
"I am honored to lead IDEA by Lear during this time of
significant change in the industry," said Esposito. "Lear has a
long history of innovation and operational excellence. By
leveraging technology and automation to be more innovative and
efficient, we will accelerate growth, increase quality and safety,
and create more opportunity for value-added work."
Nick Roelli, Vice President of
Seating, North America will
replace Esposito as Senior Vice President and President of
E-Systems. Roelli has a wealth of experience in the automotive
industry, with a focus on operational and commercial strategy and
execution.
He has held various roles of increasing responsibility since
joining Lear in 1994, including serving as Vice President of North
America Seating and Vice President of Global Seat Structures. He
has successfully led a variety of teams to achieve industry-leading
results in profitability, quality, delivery, and launch
performance.
"Nick's experience and dedication have helped make our Seating
business into an industry leader and make him uniquely positioned
to take on this new role," said Scott. "I am confident that under
Nick's leadership E-Systems will continue to execute the strategy
that has delivered seven consecutive quarters of year-over-year
margin improvement."
"I look forward to leading the E-Systems team and building upon
the strong foundation that exists today. I am confident that we
have the right people and strategies in place to ensure Lear's
continued success as we work to provide the most innovative
products and solutions to our customers," Roelli said.
About Lear Corporation
Lear, a global automotive technology leader in Seating and
E-Systems, enables superior in-vehicle experiences for consumers
around the world. Lear's diverse team of talented employees in 38
countries is driven by a commitment to innovation, operational
excellence, and sustainability. Lear is Making every drive
better™ by providing the technology for safer, smarter,
and more comfortable journeys. Lear, headquartered in Southfield, Michigan, serves every major
automaker in the world and ranks 189 on the Fortune 500. Further
information about Lear is available at lear.com.
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SOURCE Lear Corporation