Nexteer Automotive – A Leader in Intuitive Motion Control


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Nexteer Automotive Appoints New President & Global COO

September 14, 2016


Michael Richardson Named President; Tao Liu Promoted to SVP and Global COO

AUBURN HILLS, Mich. – September 14, 2016 – Nexteer Automotive, a global leader in intuitive motion control, today announced the appointment of Michael P. Richardson as president following a brief tenure as interim president and chief operating officer. Richardson will also retain his previous title of executive board director. The company also promotes Nexteer veteran, Tao Liu, to senior vice president and global chief operating officer. Both appointments will be effective October 1, 2016

“Mr. Richardson and Mr. Liu have demonstrated long-term dedication, a tireless work ethic and an entrepreneurial approach to business,” said Guibin Zhao, Nexteer chairman, executive board director and chief executive officer. “The decision to appoint these positions from within the company reflects our confidence in Mr. Richardson and Mr. Liu based on years of demonstrated world-class leadership.”

Earlier this month, Richardson, 60, was named interim president and global chief operating officer following the departure of Laurent Bresson.

Richardson, a 42-year company veteran, will continue to advance the productive agenda set by Nexteer’s Board of Directors, maintaining a seamless continuation of the company’s success.

“I look forward to the challenges offered as Nexteer’s president,” said Richardson. “We have a capable global team, rich history of innovation and clear corporate strategy. Nexteer will continue to evolve in response to a wide range of market opportunities with full support of the board, Mr. Liu and our management team.”

Liu, 51, has served as Nexteer’s vice president, chief operating officer – Asia Pacific Division. He was responsible for the Asia Pacific division through a period of expansive growth, delivering unprecedented levels of regional autonomy. Liu joined the company in 2006 as China operations manager of Delphi Steering.

ABOUT NEXTEER

Nexteer Automotive – A Leader in Intuitive Motion Control – is a multi-billion dollar global steering and driveline business delivering electric and hydraulic power steering systems, steering columns, driveline systems as well as advanced driver assist systems (ADAS) and autonomous technologies for original equipment manufacturers. The company’s global workforce of over 13,000 serves more than 50 customers in every major region of the world. The company has 21 manufacturing plants, five regional engineering centers and 11 customer service centers strategically located in North and South America, Europe and Asia. Nexteer Automotive’s customers include BMW, Fiat Chrysler, Ford, GM, PSA Group, Toyota, and VW, as well as automakers in India and China. www.nexteer.com

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CONTACTS:
Luis Canales
Nexteer Automotive
989-757-3086 (office)
luis.canales@nexteer.com

Richard Kuhn
The Quell Group
248-649-8900 (office)
rkuhn@quell.com