IAC Appoints New Executive Leadership In Major Organizational Realignment
LUXEMBOURG, Jan. 7, 2019 /PRNewswire/ -- International Automotive Components (IAC) Group, a global automotive and mobility leader in lightweight and new-material interior solutions, today announced changes to its executive leadership team including the appointment of its new chief financial officer, general counsel and the creation of chief technology officer and chief supply chain officer roles. These changes represent a new direction for IAC and are designed to better position the company to drive growth, align its structure with company goals and enhance its product portfolio.
"These organizational changes will add additional expertise and depth to our leadership team that will strengthen the company's ability to adapt to market changes, more rapidly achieve our strategic objectives and capitalize on growth opportunities," said CEO Manfred Gingl. "We are thrilled to welcome industry veterans of this caliber to IAC."
IAC's leadership appointments are comprised of the following individuals:
-- David Prystash joins the company's leadership team as chief financial
officer (CFO) reporting to IAC CEO Manfred Gingl. As CFO, Prystash will
oversee the company's global finance, treasury and accounting
activities. He replaces Dennis Richardville, who is retiring from IAC
after 16 years. Prystash comes to IAC from General Motors (GM) where he
was vice president and CFO of Global Product Development, Purchasing and
Supply Chain. In this role, he was instrumental in negotiating the sale
of Opel / Vauxhall to Peugeot and achieving $6.5 billion of cost
reductions over a four-year period. Prior to that, he served GM as CFO
of Global Manufacturing and Labor Relations. Before joining GM, David
also held executive leadership roles including CEO and CFO with various
non-automotive companies after spending 24 years at Ford Motor Company
(Ford) in various senior financial and operational posts including
assignments in Asia and South America. Prystash earned a Master of
Science in industrial management and a Bachelor of Science from Carnegie
Mellon University in Pittsburgh, Pennsylvania.
-- Iwona Niec Villaire has been named executive vice president, general
counsel and corporate secretary. Villaire will be responsible for
overseeing the company's legal affairs on a global basis.Before joining
IAC, Niec Villaire spent the last three years of her 20 year career as
chief administrative officer and general counsel for Chassix, Inc.
where, among her many accomplishments, she was instrumental to the
development and execution of the company's long-range strategic plan to
drive profitable growth, implemented the company's global compliance
program and led the alignment of the company's human resources with its
long-term objectives. Prior to Chassix, Niec Villaire served as deputy
general counsel and director of global compliance with Cooper-Standard
Automotive and was senior counsel with Federal-Mogul Corporation.Niec
Villaire earned a Juris Doctorate, Master of Arts in educational
psychology and a Bachelor of Science in psychology from Wayne State
University in Detroit. She is a member of Inforum Michigan and the
Michigan Bar Association.
-- David Pascoe has been appointed to the newly created position of chief
technology officer (CTO). In this role, Pascoe will be responsible for
expanding the company's advanced technology portfolio and evolving its
global product strategy. Pascoe comes from Magna International, where he
most recently served as vice president of Engineering, Research and
Development (R&D). He is credited with launching Magna's Open Innovation
Initiative to vet and identify global technology solutions. Pascoe held
various executive positions with Magna companies throughout his 31-year
career including vice president of Corporate Engineering and R&D and
vice president of Electric Vehicle Technology. He spent the first 10
years of his career as a design engineer for Magna, where he worked on
product design and development for body, chassis, hardware, powertrain,
interiors and mirrors. Pascoe earned a bachelor's degree in engineering
science from the University of Western Ontario in London, Ontario,
Canada.
-- Kelly Bysouth recently joined the company as chief supply chain officer
(CSCO). In this new role, she has global responsibility and operational
control of procurement and supply chain activities. Bysouth brings 25
years of experience in the automotive procurement and supply chain
space. She was previously with Adient, where she was vice president of
Global Procurement and Supply Chain and is credited with building the
first centralized supply chain function within the organization and
delivering benchmark year-over-year cost savings. She held a variety of
leadership positions during her tenure at Adient in North America and
Europe. Bysouth earned a Bachelor of Arts in finance from Michigan State
University, a Master of Business Administration from the University of
Michigan and CPSM certification.
ABOUT IAC
Headquartered in Luxembourg, International Automotive Components (IAC) Group is a leading global supplier of automotive components and systems, including instrument panels, console systems, door panels, headliners and overhead systems to automakers around the world. The company's 2017 sales were $4.4 billion. IAC Group operates more than 50 manufacturing facilities in 16 countries. The company has more than 60 total locations in 19 countries, including 18 design, technical and commercial centers, and employs more than 22,000 people globally. For more information, visit www.iacgroup.com.
Media Contact
Julie Noyes
+1.248.455.4111
Jnoyes@iacgroup.com
View original content to download multimedia:http://www.prnewswire.com/news-releases/iac-appoints-new-executive-leadership-in-major-organizational-realignment-300773129.html
SOURCE International Automotive Components (IAC) Group
