January 16, 2017 11:22 AM ET

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Company Overview of Chassix Inc.

Company Overview

Chassix Inc. designs, engineers, machines, and assembles aluminum and ductile iron castings. It offers chassis products and assemblies, which include upper and lower control arms assemblies, front and rear crossmembers, front and rear steering knuckles, brake anchors and caliper housings, wheel hubs, and spindles and stems, as well as aluminum, cast iron, and forged steel links; brake corner, front, and rear modules and assemblies, such as knuckles and spindles, brake calipers and park brakes, rotors, bearings and hub bearing assemblies, dust and splash shields, fasteners, and brake cables; and powertrain products, including engine blocks, intake manifolds, cylinder heads, transmission housi...

300 Galleria Officentre

Suite 501

Southfield, MI 48034

United States

Founded in 1978





Key Executives for Chassix Inc.

Chief Executive Officer and President
Age: 54
Chief Financial Officer
Senior Vice President of Operations and Casting
Age: 64
President of North America
Chief Administrative Officer and Vice President of Legal & Human Resources
Compensation as of Fiscal Year 2016.

Chassix Inc. Key Developments

Chassix Names Michael Beyer as Chief Financial Officer

Chassix, has named Michael Beyer chief financial officer. Reporting to Doug DelGrosso, president and CEO, Chassix, Beyer is responsible for providing strategic guidance and oversight to corporate finance, treasury, financial planning and analysis, reporting, tax, and investor relations. Beyer has over 25 years of financial and accounting management experience, most recently serving as chief financial officer of Wolverine Advanced Materials. Previously, he served as corporate controller for Affinia Group, and held increasingly responsible finance and accounting roles over a 14-year period with Dana Corporation.

Chassix Names Iwona Niec Villaire as Vice President and General Counsel

Chassix has appointed Iwona Niec Villaire as vice president and general counsel. Reporting to Doug DelGrosso, president and CEO, Chassix, Villaire is responsible for providing legal guidance, direction and oversight to corporate business development, financial agreements, corporate governance and compliance, commercial transactions and employment matters. Villaire joins Chassix from Cooper-Standard Automotive Inc. where she served the past nine years as deputy general counsel and director of global compliance. Prior, she served as senior counsel with Federal Mogul Corporation.

Chassix Inc. Successfully Completes Prearranged Restructuring and Emerges from Chapter 11 with $300 Million in New Financing; Announces New Board of Directors

Chassix Holdings Inc. and its U.S. subsidiaries announced that Chassix has successfully completed its prearranged restructuring and recapitalization and emerged from Chapter 11 bankruptcy protection. Through its prearranged Chapter 11 plan, Chassix substantially reduced its outstanding debt obligations, secured approximately $300 million in new exit financing, including $150 million from certain of the Company’s prepetition noteholders, and secured significant long-term new business commitments and support from its large customers. Chassix also announced a newly constituted Board of Directors, effective in conjunction with the Company’s emergence from Chapter 11, comprised of: Fred Bentley: He currently serves on the board of directors of Dexter Axle Company, GT Technologies and Sea Star Solutions. Previously, Mr. Bentley served as President and Chief Executive Officer of Maxion Wheels. Jonathan F. Foster: He is the Founder and Managing Director of Current Capital. Mr. Foster currently serves on the board of directors of five public companies Berry Plastics Corporation, Chemtura Corporation, Lear Corporation, Masonite Corporation and Sabine Oil & Gas Corporation. Richard E. Newsted: He currently serves on the board of directors of NIBCO Inc., Dayco, LLC, Titan Outdoors Holdings, LLC, Pacific Crane Maintenance Company, LLC, OHH Acquisition Corporation, Rotech Healthcare Inc., United States Steel Canada Inc., The Greeley Company, Mirabela Nickel Limited, AVI-SPL Holdings Inc., GT Advanced Technologies Inc., and Univita Health Inc. Randal Klein: He is a Portfolio Manager at Avenue Capital Group. Mr. Klein currently is a Director, Chairman of the Finance Committee, Chairman of the Strategic Review Committee and Member of the Risk Committee for MagnaChip Semiconductor Corporation, and an Official Board Observer for QCE Finance LLC. Michael Kreger: He is a Vice President in the opportunities funds of Oaktree Capital Management, L.P. Mr. Kreger is currently a member of the board of directors of Tribune Media Company and a member of the board of directors and audit committee of Aleris Corporation.

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