Lear names Halverson to board

SOUTHFIELD—Lear Corp. (NYSE: LEA), the Southfield-based supplier of automotive seating and electronics, announced that Bradley M. Halverson has been appointed to its board of directors.

Halverson is an experienced director who currently serves on the boards of Sysco Corporation, where he is the lead independent director and audit committee chairman, and Custom Truck One Source, a privately held Blackstone portfolio company. He also previously served as a director for the U.S. Chamber of Commerce.

From 2013 to 2018, Mr. Halverson was group president and CFO of Caterpillar, the world’s leading manufacturer of construction and mining equipment, diesel and gas engines, turbines, and locomotives. He joined Caterpillar in 1988, serving in various roles of increasing responsibility including leading the Caterpillar financial business unit and the human resources, global supply chain and information services functions.

Greg C. Smith, Lear’s non-executive board chair, sand Halverson’s “deep knowledge of global manufacturing, including geopolitical considerations, auditing and finance, and strategic planning, will be instrumental to our plans for profitable growth.”

Halverson said that “Lear has a unique position in the auto industry as a supplier to the world’s major automakers and product capabilities aligned with the megatrends of autonomy, connectivity, electrification and shared mobility. I look forward to sharing my experiences, particularly around investing in technology, harnessing resources to align with growth and providing exceptional service to customers to continue to advance Lear’s strategy.”

Halverson earned a Bachelor of Science in accounting and an Executive MBA from the University of Illinois. He is a Certified Public Accountant and a member of the American Institute of CPAs.

More at http://www.lear.com.

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