The Board of Directors of Delphi Corp. has named Robert S. "Steve" Miller as the company’s new chairman and chief executive officer, effective July 1.
Miller, 63, most recently the non-executive chairman of Federal-Mogul, will succeed long-time industry executive and Delphi ‘s founding chairman, J.T. Battenberg III .
Battenberg, 62, had earlier announced his intention to retire before the end of the year, following 44 years in the industry. He had agreed to remain at Delphi until a successor was in place.
Miller also will become the chairman of the Delphi Strategy Board, the company’s top policy-making group. He will oversee the transformation strategy underway at the company, including its growth objectives and resolution of financial issues.
The selection of Miller brings to closure the six-month internal and external search for Battenberg’s successor, which was conducted by the Board. Battenberg has agreed to be available for 30 days of consulting with the Board of Directors and Miller to assure a smooth transition.
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