Affinia Group Names Steve Klueg Chief Financial Officer As Veteran CFO Tom
Madden Announces Retirement
ANN ARBOR, Mich., Oct. 14, 2013
ANN ARBOR, Mich., Oct. 14, 2013 /PRNewswire/ --Affinia Group Inc., an
innovative global leader in the design, manufacture, distribution and
marketing of industrial grade products and services, has named Steve Klueg
chief financial officer as veteran CFO Thomas Madden announces his plans to
retire December 31, 2013.
"Tom Madden has almost 40 years of financial leadership to our company, and
his guidance has been an immeasurable ingredient in helping us achieve our
status as a worldwide leader," said Terry McCormack, president and chief
executive officer of Affinia Group.
"In a continuing demonstration of the commitment he has shown throughout his
career, Tom will work side-by-side with our incoming CFO Steve Klueg to
seamlessly transfer financial leadership over the coming months," McCormack
Steve Klueg comes to Affinia from his post as chief financial officer of
ReCommunity Recycling, the largest pure-play recycling company in the U.S. He
additionally served as vice president and treasurer for World Fuel Services
Corp., a Fortune 500 Company and a global leader in the downstream marketing
and financing of aviation, marine and land fuel products and related services.
He also held assistant treasurer positions at Ingersoll-Rand and SPX
Corporation. A certified public accountant, he earned a bachelor's degree from
Ohio University and a master's in business administration degree from The Ohio
"We welcome Steve to our leadership team and are confident his experience and
exceptional skillsets will serve Affinia well as we continue to provide
innovative solutions to our customers across the globe," McCormack said.
McCormack and Madden have served together for almost 40 years. Madden served
as vice president and group controller for the Aftermarket Group of Dana
Corporation from 1998 until the formation of Affinia in 2004. He joined Dana
in 1974 as an accountant with the Transmission Division and served in a
variety of positions, including division controller, Spicer Drivetrain Europe.
While in Europe, Madden also held the position of general manager of the
Transmission Assembly and Components Group. In 1992, he returned to the U.S.
as division controller for the WIX Filtration division, and in 1996 became
division controller of the Spicer Driveshaft Division. Madden earned a B.B.A.
in Accounting from the University of Toledo and has also attended the
University of Michigan Executive Business School.
Affinia Group Inc. is an innovative global leader in the design, manufacture,
distribution and marketing of industrial grade products and services,
including extensive offerings of aftermarket parts for automotive and
heavy-duty vehicles. With $1.5 billion in annual revenue, Affinia has
operations in North and South America, Europe, and Asia. For more information,
SOURCE Affinia Group Inc.
Contact: Scott Howat, Director of Global Communications, Affinia Group Inc.,
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