BorgWarner Names Rohan S. Weerasinghe PHINIA Chairman And Board Of Directors Ahead Of Spin-Off
Portfolio Pulse from Happy Mohamed
BorgWarner Inc. (BWA) announced Rohan S. Weerasinghe as Non-Executive Chairman of PHINIA Inc. following the spin-off of the Fuel Systems and Aftermarket segments. The spin-off is expected to be completed by the end of Q3 2023. Other board members include Brady D. Ericson, Samuel R. Chapin, Robin Kendrick, D'aun Norman, and Roger J. Wood.
June 02, 2023 | 12:13 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
BorgWarner (BWA) announces Rohan S. Weerasinghe as Non-Executive Chairman of PHINIA Inc. following the spin-off of Fuel Systems and Aftermarket segments, expected to be completed by Q3 2023.
The announcement of Rohan S. Weerasinghe as Non-Executive Chairman of PHINIA Inc. and the spin-off completion timeline provides clarity on the company's future direction. However, the short-term impact on BWA's stock price is uncertain as the market may have already priced in the spin-off news. The long-term impact will depend on the performance of both companies after the spin-off.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100