Visteon Appoints Jeffrey M. Stafeil as Executive Vice President and Chief
VAN BUREN TOWNSHIP, Mich., Oct. 31, 2012
VAN BUREN TOWNSHIP, Mich., Oct. 31, 2012 /PRNewswire/ --Visteon Corporation
(NYSE: VC) today announced that Jeffrey M. Stafeil is joining the global
automotive supplier and will serve as executive vice president and chief
financial officer. Stafeil, who will become CFO on Nov. 2, joins Visteon from
DURA Automotive Systems, where he had been chief executive officer since
October 2010, after serving as executive vice president and CFO since 2008.
(Logo: http://photos.prnewswire.com/prnh/20001201/DEF008LOGO )
Stafeil, 42, has extensive operational leadership and financial management
experience, primarily with automotive suppliers, private equity firms and
business consultants. He will lead all of the financial activities of Visteon,
including treasury, tax, audit and investor relations. He also will oversee
mergers, acquisitions and divestitures; global business services; information
technology; and communications.
Michael J. Widgren, who has served as Visteon's interim CFO since Oct. 3,
continues with the company as vice president, corporate controller and chief
accounting officer, reporting to Stafeil.
"We are extremely pleased to have an experienced leader of Jeff's caliber
joining Visteon to lead our global financial activities," said Visteon
President and CEO Timothy D. Leuliette, who also thanked Widgren for his
interim CFO leadership. "Having worked with Jeff in the past, I know he brings
tremendous financial knowledge and strategic industry insight, a global
perspective and strong leadership skills that will serve the company well as
we implement our value-creating action plan."
Prior to joining DURA, Stafeil was CFO and a member of the board at the
Klockner Pentaplast Group, a leading industrial company based in Germany. From
2009-2012, he served on the board of directors and was audit committee
chairman of J.L. French Automotive Castings Inc. From 2006-2009, he served on
the board of directors and was co-chairman of the audit committee for Meridian
Automotive Systems. From 2001-2007, he was executive vice president and CFO at
automotive supplier Metaldyne Corp. He has also served in management positions
at Booz Allen and Hamilton, Peterson Consulting and Ernst and Young.
Stafeil has an MBA from the Fuqua School of Business at Duke University, and a
bachelor's degree in accounting from Indiana University.
Visteon is a leading global automotive supplier that designs, engineers and
manufactures innovative climate, interior and electronic products for vehicle
manufacturers. With corporate offices in Van Buren Township, Mich. (U.S.);
Shanghai, China; and Chelmsford, UK; the company has facilities in 28
countries and employs approximately 22,000 people. Learn more at
SOURCE Visteon Corporation
Contact: Media: Jim Fisher, +1-734-710-5557, email@example.com; or
Investors: Scott Deitz, +1-734-710-2603, firstname.lastname@example.org
Press spacebar to pause and continue. Press esc to stop.