Hayes Lemmerz Names Bentley as Chief Operating Officer and Streamlines Organization
July 24 2007 - 9:42AM
PR Newswire (US)
NORTHVILLE, Mich., July 24 /PRNewswire-FirstCall/ -- Hayes Lemmerz
International, Inc. (NASDAQ:HAYZ) announced today the appointment
of Fred Bentley to the new position of Chief Operating Officer of
Hayes Lemmerz International, Inc. and President of the Company's
Global Wheel Group. In assuming the new Chief Operating Officer
position, Mr. Bentley will be responsible for all of the Company's
manufacturing and business unit operations. (Logo:
http://www.newscom.com/cgi-bin/prnh/20070724/CLTU084 ) Mr. Bentley
will continue to report to Curtis J. Clawson, President, Chief
Executive Officer and Chairman of the Board. Mr. Bentley joined the
Company in 2001 and most recently served as Chief Operating Officer
and President of the Company's Global Wheel Group. Prior to that,
he was President of the Company's International Wheel Group and
also President of its Commercial Highway and Aftermarket Group. Mr.
Bentley has led strategic expansions in Brazil, Thailand, India,
Turkey, Mexico and the Czech Republic, where the Company has
realized significant growth. He has successfully undertaken various
restructuring activities to move the wheel business from regional
segments to the creation of a global group. As a result, annual
sales in the international wheel business have increased from $822
million in fiscal 2003 to $1.3 billion in fiscal 2006 and annual
global wheel sales have significantly increased over the past two
years. Immediately prior to joining Hayes Lemmerz, Mr. Bentley
served as Managing Director for Honeywell's Holts European and
South Africa automotive aftermarket operations. He has also held
leadership positions of increasing responsibility with AlliedSignal
and Frito-Lay. Mr. Bentley earned his Bachelor of Science degree in
Industrial Engineering from the University of Cincinnati, in Ohio.
He holds a MBA from the University of Phoenix, has completed the
Advanced Management program at Harvard University and is a Six
Sigma Black Belt. In conjunction with Mr. Bentley's appointment,
Hayes Lemmerz today announced that it has simplified the management
reporting structure of its operating businesses. As part of this
move, Daniel M. Sandberg, President of the Company's Automotive
Components Group will now report to Mr. Bentley. Mr. Sandberg, who
is also Vice President, Global Materials and Logistics, will
continue to report to Mr. Clawson in this role. "With the recent
completion of our balance sheet restructuring and divestiture of
our suspension and MGG businesses, it was appropriate to rethink
how the Company operates," said Mr. Clawson. "The moves announced
today are designed to facilitate the Company's growth plans over
the next several years. Fred's understanding of Hayes Lemmerz' core
wheel business, strategic growth plans and the challenges faced by
today's suppliers, will strengthen Hayes Lemmerz as we continue to
grow our world presence. The resulting management structure will be
streamlined, flexible and efficient." Mr. Clawson added, "We don't
foresee any significant changes in the structure of the Automotive
Components Group, as a result of this change." "I am enthusiastic
about this opportunity," Mr. Bentley said. "This move makes
strategic sense for our business, which we have substantially
restructured over the past two years. This new organizational
structure will enable us to better integrate the talented resources
that we have in both our wheel and non-wheel businesses, and take
both businesses to the next level." Hayes Lemmerz International,
Inc. is a leading global supplier of automotive and commercial
highway wheels, brakes and powertrain components. The Company has
26 facilities and approximately 7,500 employees worldwide.
http://www.newscom.com/cgi-bin/prnh/20070724/CLTU084
http://photoarchive.ap.org/ DATASOURCE: Hayes Lemmerz
International, Inc. CONTACT: Marika P. Diamond, Hayes Lemmerz
International, Inc., +1-734-737-5162 Web site:
http://www.hayes-lemmerz.com/
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