Visteon (NASDAQ:VC)
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Visteon Names Donald J. Stebbins President and Chief Operating
Officer
VAN BUREN TOWNSHIP, Mich., May 18 /PRNewswire-FirstCall/ -- Mike Johnston,
chairman-elect and chief executive officer of Visteon Corporation (NYSE:VC)
today announced the appointment of Donald J. Stebbins, 47, to president and
chief operating officer, effective May 23, 2005. Stebbins joins Visteon with
over 20 years of leadership experience and a solid history of performance in
managing global business issues. Reporting to Johnston, he will be responsible
for Visteon's global operations including manufacturing, sales, purchasing,
product development and quality.
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"This is a great time for Don to join our leadership team as we take steps to
increase Visteon's competitiveness in the marketplace," said Johnston. "Don is
a highly-regarded leader with a great reputation at a well-respected company.
His operational experience and financial expertise combine for a great
foundation from which to drive the restructuring planning underway."
Stebbins joins Visteon from Lear Corporation where he was president and chief
operating officer of Lear's operations in Europe, Asia and Africa. Prior to
this appointment, Stebbins was president and chief operating officer of Lear's
operations in the Americas. Stebbins joined Lear in 1992 as vice president and
treasurer. He has held various financial positions of increasing
responsibility throughout the first nine years with Lear including a 1997
promotion to senior vice president and chief financial officer. Prior to
joining Lear, Stebbins held positions at Bankers Trust Company and Citibank.
Stebbins holds a bachelor of science degree in finance from Miami University in
Oxford, Ohio and a master's degree in business administration from the
University of Michigan in Ann Arbor, Michigan.
Visteon Corporation is a leading full-service supplier that delivers
consumer-driven technology solutions to automotive manufacturers worldwide and
through multiple channels within the global automotive aftermarket. Visteon
has about 70,000 employees and a global delivery system of more than 200
technical, manufacturing, sales and service facilities located in 24 countries.
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DATASOURCE: Visteon Corporation
CONTACT: Media Inquiries: Kimberly A. Welch, +1-734-710-5593,
, or Jim Fisher, +1-734-710-5557, ,
both of Visteon Corporation
Web site: http://www.visteon.com/