TI Fluid Systems PLC Directorate Change (9893E)
November 02 2022 - 9:00AM
UK Regulatory
TIDMTIFS
RNS Number : 9893E
TI Fluid Systems PLC
02 November 2022
Released: 2 November 2022
TI Fluid Systems plc
Chief Financial Officer and Executive Directorate Change
TI Fluid Systems plc (the "Company" and, together with its
affiliates, the "Group") is pleased to announce that Alexander De
Bock will be joining as Chief Financial Officer of the Group and an
Executive Director of the Company by no later than 1 May 2023.
Alexander will be joining the Group from ZF Friedrichshafen AG
where he currently serves as CFO and Senior Vice President of ZF's
Commercial Vehicle business. Prior to joining ZF, Alexander had
been CFO of WABCO Holdings Inc (NYSE: WBC), a publicly listed
leading global supplier of vehicle controls systems to the
Commercial Vehicle industry. He comes with 16 years of experience
in the industry covering a wide range of executive roles, including
the head of FP&A, investor relations, group treasurer and
merger & acquisitions. Alexander began his career at Arthur
Andersen (now Deloitte) as a member of the audit assurance practice
and has a Master of Economics from the University of Antwerp,
Belgium.
Alexander will succeed Ronald Hundzinski who will be retiring.
Ron will remain in his current positions as CFO and Executive
Director until Alexander succeeds him.
Hans Dieltjens, Chief Executive Officer, said:
"The Group is grateful to Ron for his many contributions over
the past several years working with the team and our key
stakeholders to guide the Company through an exceptionally
challenging period for the industry."
Tim Cobbold, Chair of the Company, said:
"We look forward to welcoming Alex to the Board and our senior
executive team. He brings financial expertise in both public and
private sectors along with significant experience in the automotive
industry. Alex will play a key role with Hans as they continue
progressing the Company's 'Take the Turn' strategy, which leverages
the opportunities presented by the automotive industry's transition
to electrification."
Enquiries:
TI Fluid Systems plc
Tim Furber
Investor Relations
Tel: +44 1865 871887
FTI Consulting
Richard Mountain / Nick Hasell
Tel: +44 20 3727 1340
About TI Fluid Systems plc
TI Fluid Systems plc (LSE: TIFS) is a leading global
manufacturer of highly engineered automotive 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 104 manufacturing locations across 29 countries serving all
major global OEMs.
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