Visteon Corporation (VC)

[Grauzone]

Well, Well, Well......

Hiya Everyone,

I hope everyone "Serious" is doing well. I am still here patiently waiting. Ready for some Great News? I just posted this on the yahoo board as well.

http://www.crainsdetroit.com/article/20111017/FREE/111019911

In case you can't open the above link:

Topics in this article: Visteon Corp. Automotive
October 17, 2011 10:47 AM
Visteon CFO Quigley to leave in ‘involuntary’ resignation; Martin Welch to step in
By Dustin Walsh
| | | | | |
Visteon Corp. said today that William Quigley III, the supplier’s CFO since 2007, will resign effective Oct. 31.

Jim Fisher, director of corporate communications at Van Buren Township-based Visteon, called the decision a “mutual resignation” involving Quigley and CEO Don Stebbins but said it was an involuntary termination.

Replacing Quigley as executive vice president and CFO will be Martin Welch, a former CFO at Kmart Corp. and Federal-Mogul Corp.

Visteon has played the move as taking advantage of an opportunity to land an experienced CFO.

“Mr. Welch is a tremendously capable and experienced leader,” Fisher said. “That’s a decision by our CEO to have a world-class leadership class in place.”

Most recently, Welch was executive vice president and CFO of Greenwich, Conn.-based United Rentals Inc. from 2005 to 2009. He was also on the board of directors of Delphi Corp. from 2006 to 2009 and held various executive titles at Chrysler Group.

Welch earned a bachelor’s degree and an MBA from the University of Detroit and is a member of its board of trustees.

Because the resignation is designated an involuntary termination, Quigley will walk away with more than $9.9 million in severance and accelerated restricted stock.


| | | | | |




SUBSCRIBE TO CRAIN'S DETROIT BUSINESS
If you enjoy the content on the Crain's Detroit Business Web site and want to see more, try 8 issues of our print edition risk-free. If you wish to continue, you will receive 44 more issues (for a total of 52 in all), including the annual Book of Lists for just $59. That's over 55% off the cover price. If you decide Crain's is not for you, just write "Cancel" on the invoice, return it and owe nothing. The 8 issues are yours to keep with no further obligation to us. Sign up below.

Name:
E-mail:
Company:
Address:
City: State:
Zip/Postal Code: Country:

Type the two words:





Offer valid for new MI subscribers only. Non-MI subscribers - $79. All other Foreign - $127.

Enjoy and Have a Great Day!

Gregory
Orphaned Visteon Shareholders!