TI Fluid Systems PLC William L. Kozyra to retire as President & CEO (3933P)
February 17 2021 - 1:00AM
UK Regulatory
TIDMTIFS
RNS Number : 3933P
TI Fluid Systems PLC
17 February 2021
17 February 2021
TI Fluid Systems plc
William L. Kozyra to retire as President & CEO of TI Fluid
Systems, as Hans Dieltjens, Executive Vice President prepares for
succession
TI Fluid Systems plc announces today that William L. Kozyra will
retire as President and Chief Executive Officer and step down from
the Board of Directors in the fourth quarter of this year,
following an orderly transition to his successor, Hans
Dieltjens.
Hans Dieltjens will take on the role of Chief Operating Officer
effective 1 March 2021 as a transitional step towards becoming
Chief Executive Officer and being appointed to the Board of
Directors concurrent with Bill's retirement. Hans holds a Master's
degree in Electro/Mechanical Engineering along with 25 years of
automotive experience in Asia, Europe and the Americas.
Bill's current employment agreement will be extended to ensure a
proper handover with Hans. There are no matters which would require
disclosure under Listing Rules 9.6.13R.
Manfred Wennemer, Chair of the Board of Directors commented:
"Bill joined TI Fluid Systems in 2008 at the height of the
global financial crisis and led the Company through that challenge
to more than a decade of record performance. Bill was instrumental
in bringing the Company public in 2017 and in developing and
executing the Company's electrification strategy to address the
Hybrid & Battery Electric Vehicle market developments. On
behalf of the Board of Directors, I wish Bill all the best in his
retirement and thank him for his 12 years of exemplary service.
We've considered several high caliber automotive executives in
addition to Hans Dieltjens for this position. I am pleased with the
results of this activity which validated Hans' strong credentials
and credibility in the automotive space."
Bill Kozyra, President & Chief Executive Officer
commented:
"I could not be prouder of the tremendous success the Company
has achieved, especially navigating through two global crises while
also developing exciting new products for the emerging Electric
Vehicle market. I thank our shareholders for their support of the
past 3 years and am happy and fully supportive of the Board's
decision to appoint Hans as my successor. During the 12 years that
Hans and I have worked together he has continued to develop his
leadership and strategic ability and is now ready to take on this
very important role for our Company. I am confident the Company
will continue its success under Hans' leadership."
Enquiries:
TI Fluid Systems plc +1-248-376-8624
David J Royce
Investor Relations
FTI Consulting +44 (0)20 3727 1340
Richard Mountain
Nick Hasell
About TI Fluid Systems plc
TI Fluid Systems (LSE: TIFS) is a leading global manufacturer of
fluid storage, carrying and delivery systems primarily for the
light duty automotive market. With nearly 100 years of automotive
fluid systems experience, TI Fluid Systems has manufacturing
facilities in 108 locations across 28 countries serving all major
global OEMs.
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