Adient Plc Named CFO Jerome J. Dorlack as CEO and Director Effective January 1, 2024, Succeeding Douglas G. Del Grosso Who Will Retire On December 31
Portfolio Pulse from Benzinga Newsdesk
Adient plc has announced that its current CEO, Douglas G. Del Grosso, will retire at the end of 2023. He will be succeeded by Jerome J. Dorlack, the company's current CFO, who will take over as CEO and director from January 1, 2024.
November 08, 2023 | 11:43 am
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NEUTRAL IMPACT
Adient's CEO transition could lead to changes in the company's strategic direction, potentially impacting its stock performance.
CEO transitions often lead to changes in strategic direction, which can impact a company's stock performance. However, as the incoming CEO is already a part of the company's leadership, the transition may be smooth, mitigating potential volatility.
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