BNET Industries
Market Cap:$4.8B
Last Fiscal Year Sales:$15.9B
- Public
- US
Dow Jones Description
Founded in 1917, Lear Corporation (NYSE: LEA) is based in Southfield, MI. The company designs, manufactures and supplies interior systems and components for cars and light trucks. The company's client list includes General Motors, Ford, BMW, Fiat, Renault, Nissan, Toyota, Subaru and others. It operates in 34 countries, including the United States, Europe, Central America, South Africa and Asia. The company was named the Most Admired Company in the Motor Vehicle Parts sector by Fortune for the past three consecutive years.
President & Chief Executive Officer
Robert E. RossiterNumber of Employees 80,000
Peer Companies
NAICS Code Motor Vehicle Supplies and New Parts Merchant Wholesalers: 423120
Recent Events
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Credit Suisse Initiates Coverage on Lear (LEA-WI) with an Outperform
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Deutsche Bank Resumes Coverage On Lear LEA With a Buy, $77 Target
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MetricStream Enters into Agreement to Provide GRC Platform for Risk based Internal Audit Management to...
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Barclays Starts Lear (LEA, LEAWI) at Overweight
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Lear sees sales fall
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Lear Selects MetricStream for Internal Audit Management
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Corporate report
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Lear plan of restructuring confirmed by US judge
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American Axle to avoid Chapter 11
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U.S. Eyes Health of Auto Suppliers
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Five Firms Saddle Up for Lear Bankruptcy Roles
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GM's First Challenge: Navigating The Battered Supplier Sector
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News Roundup: Auto sales
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Lear files Chapter 11 bankruptcy
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Market Recap: Stocks Hammered on Heavy June Job Losses
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David Moenning's Daily State of the Markets: 6/15
News & Analysis
Filter by
carl icahn and lear corp. - All News and Analysis
Lear delay gives all a chance for review.(Lear Corp. (Southfield, Michigan) acquisition gets delayed)(Brief article)(Column)
After three investor advisory services recommended against a deal to sell Lear Corp. to a company led by Carl Icahn, Lear's annual meeting this Wednesday was suddenly postponed until July 12 (see story, Page 3). Lear says the delay will help share After...
Investor puts heat on Rossiter; Recommends no-confidence vote if sale of Lear fails.(Richard Pzena, Robert Rossiter)
Byline: Dave Barkholz Crain News Service Investor Richard Pzena says Lear Corp. CEO Robert Rossiter deserves a board vote of no confidence if shareholders scuttle the auto seating and electronics supplier's proposed sale to Carl Icahn. Pzena is Byline: Dave...
Week in Review.(Briefs)
Kmart HQ redevelopment plans to be outlined today Plans for the redevelopment of the 45-acre former Kmart Corp. headquarters at Big Beaver and Coolidge in Troy are to be announced today. The project's developer, Reston, Va.-based Richardson Dev Kmart HQ...
Week in Review.(Cerberus Capital Management L.P. acquired Tower Automotive Inc.)(Robert Kleine talks about the state budgets)(Lear Corp. (Southfield, Michigan) acquired by Carl Icahn)
Cerberus Capital to buy Tower Automotive Automotive News reported Wednesday that private-equity group Cerberus Capital Management L.P. is buying Tower Automotive Inc. Cerberus will take full control of Novi-based Tower and assume the supplier's de Cerberus Capital to buy Tower Automotive ...
Pzena: Icahn didn't tell the whole Lear story.(Pzena Investment Management L.L.C. and Carl Icahn invested in Lear Corp. (Southfield, Michigan))
Byline: Brent Snavely New York-based Pzena Investment Management L.L.C. said Carl Icahn left out important facts when he criticized Pzena for passing up an investment opportunity with Lear Corp. (NYSE: LEA) last October. Pzena was reacting to a Byline: Brent...
Icahn on Lear: Company positioned well in industry.(Carl Icahn investing Lear Corp. (Dearborn, Michigan))
Byline: Brent Snavely Legendary value investor Carl Icahn said Friday that he became interested in Lear Corp. for the same reason he invests in most companies: Others lost confidence. "If you look at my history, I've done this all of my ...
Lear's road from interiors icon to Carl Icahn; Automakers' moves sent supplier spinning.(News)
Byline: David Barkholz Crain News Service In the months after Ken Way's 2003 retirement to Florida, Lear Corp.'s future looked bright. The longtime CEO had left Lear with a crowning achievement: to build complete interiors for the Buick Lucerne Byline:...
Is Icahn set to be King Lear? When corporate raider Carl Icahn comes calling, most companies view it as a troubling omen. But Lear Corp.'s management sees someone they can deal with.(Carl Icahn )
Byline: Brent Snavely Last week's corporate buyout saga involving Southfield-based Lear Corp. (NYSE: LEA) and legendary corporate raider Carl Icahn was unusual both for a company targeted by Icahn, and for Icahn himself. Typically, when Icahn se Byline: Brent Snavely ...
Week In Review; From www.crainsdetroit.com, week of Oct. 14-20.(Carl Icahn investing in Lear Corp.)(Dura Automotive Systems Inc. filing for bankruptcy)(Handleman Co. appointed Robert Kirby )
Lear gets $200M from stock sale; Icahn on board Southfield-based interiors supplier Lear Corp. agreed Tuesday to sell investor Carl Icahn about 8.7 million common shares in a private placement for $200 million. Lear also has agreed to provide Ic Lear...
Only the truly strong suppliers survive unpredictable markets.(Brief Article)
In November, toolmaker Gerald Hobson listened in on a presentation by a growing automotive plastics part supplier. The company executive laid out the firm's acquisition strategy, its sales numbers, and its long-term plans for the future. ``After In November, toolmaker Gerald...
- 1
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Robert E. Rossiter | President & Chief Executive Officer |
| Daniel A. Ninivaggi | Executive Vice President, General Counsel and Chief Administrative Officer |
| Marina Williams | Chief Diversity Officer |
| Matthew J. Simoncini | Chief Financial Officer |
| Phyllis Golden Morey | Vice President & Chief Counsel, Litigation & Compliance |
| Art Kennedy | Vice President, Global Quality |
| Dan Golles | Vice President, GM Truck Group |
| Dave Mullin | Vice President, Sales & Marketing |
| Eric Rasmussen | Vice President, Corp Development |
| Joseph F. Mccarthy | General Counsel, Vice President & Secretary |
| Joseph F. Sefcik | Vice President, Purchasing, Global |
| Mel Stephens | Vice President, Investor Relations & Corp Communications |
| Vickie Piner | Vice President, Supplier Diversity & Development |
| Wendy Foss | Vice President, Finance & Admin |
| William C. Dircks | Vice President & Controller |
| Andrea Puchalsky | Director, Corp Communications |
| Anne Bork | Director, Investor Relations |
| Ed Lowenfeld | Director, Investor Relations & Assistant Treasurer, Capital Markets |
| Rebecca Spearot | Director, Environ Management |
| Daniel J McCleary | |
| Melissa Skauradchun | Senior Analyst, Investor Relations |
| Ryan Ott |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Conrad L Mallet Jr. | Board of Directors |
| David E. Fry | Board of Directors |
| David P. Spalding | Board of Directors |
| Henry D.G. Wallace | Board of Directors |
| James A. Stern | Board of Directors |
| James H. Vandenberghe | Vice Chairman |
| Larry W. McCurdy | Board of Directors |
| Richard F. Wallman | Board of Directors |
| Roy E. Parrott | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | President & Chief Executive Officer | Current |
| Lear Corporation | Chairman | Current |
| Focus Hope Inc. | Advisory Board Member | Current |
| Lear Corporation | Coo | Former |
| Lear Corporation | Board Director | Former |
| Northwood University | bachelor's degree in business administration | Former |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Executive Vice President, General Counsel and Chief Administrative Officer | Current |
| Lear Corporation | Senior Vice President | Former |
| Winston & Strawn LLP | Partner | Former |
| Lear Corporation | Secretary | Former |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Chief Diversity Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Chief Financial Officer | Current |
| Lear Corporation | Chief Accounting Officer & Senior Vice President, Operational Finance | Former |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Vice President & Chief Counsel, Litigation & Compliance | Current |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Vice President, Global Quality | Current |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Vice President, GM Truck Group | Current |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Vice President, Sales & Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Vice President, Corp Development | Current |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | General Counsel, Vice President & Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Vice President, Purchasing, Global | Current |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Vice President, Investor Relations & Corp Communications | Current |
| Fife Oil Company | Current | |
| Western Michigan University | M.A. in Corporate Finance | Former |
| Eastern Michigan University | B.A. in Business Communications | Former |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Vice President, Supplier Diversity & Development | Current |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Vice President, Finance & Admin | Current |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Vice President & Controller | Current |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Director, Corp Communications | Current |
| Lear Corporation | Director, Corp Communications | Former |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Director, Investor Relations | Current |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Director, Investor Relations & Assistant Treasurer, Capital Markets | Current |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Director, Environ Management | Current |
| Lear Corporation | Director, Environ Management | Former |
| Organization | Position | Status |
|---|---|---|
| Institute for Quality Management, Inc. | Principal Associate | Current |
| Lear Corporation | Current |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Senior Analyst, Investor Relations | Current |
| Organization | Position | Status |
|---|---|---|
| Rogers & Willard | Project Manager | Current |
| Lear Corporation | Current | |
| Auburn University | Degree In Civil Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| TechTeam Global, Inc. | Board of Directors | Current |
| Lear Corporation | Board of Directors | Current |
| The Detroit Medical Center | Cao | Former |
| Michigan Supreme Court | Chief Justice | Former |
| The Detroit Medical Center | General Counsel | Former |
| Organization | Position | Status |
|---|---|---|
| The Reynolds & Reynolds Company | Board of Directors | Current |
| Lear Corporation | Board of Directors | Current |
| The Reynolds & Reynolds Company | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Visteon Corporation | Current | |
| Hayes Lemmerz International, Inc. | Committee Chair | Current |
| Dupage County Election Commision | Chairperson | Current |
| Perceptive Sciences Corporation | Chairperson | Current |
| Diebold, Inc. | Board of Directors | Current |
| The Diebold Company of Canada Limited | Board of Directors | Current |
| Ambac Financial Group, Inc. | Board of Directors | Current |
| Lear Corporation | Board of Directors | Current |
| The Diebold Company of Canada Limited | Committee Member | Current |
| Mazda Motor Corporation | CEO | Former |
| Mazda Motor Corporation | President | Former |
| Mazda Motor Corporation | Executive Vice President | Former |
| The Diebold Company of Canada Limited | Chairperson | Former |
| University of Leicester | Bachelor's Degree In Economics | Former |
| Organization | Position | Status |
|---|---|---|
| MedPointe Pharmacuticals | Chairman, the Cypress Group | Current |
| Affinia Group Inc. | Board of Directors | Current |
| Lear Corporation | Board of Directors | Current |
| Amtrol Inc. | Director | Current |
| Cooper-Standard Automotive Inc. | Board of Directors | Current |
| Lehman Brothers Holdings Inc. | managing Director | Former |
| Tufts University | trustee | Former |
| WESCO International, Inc. | Director | Former |
| MedPointe Pharmacuticals | Director | Former |
| Harvard University | MBA | Former |
| Tufts University | BS Degree | Former |
| Tufts University | Degree In Civil Engineering | Former |
James H. Vandenberghe is the former vice chairman, Lear Corporation. He retired in 2008. He was previously the Chief Financial Officer, Lear Corporation. He was elected to the DTE Energy Board in 2006. (A, F, C)
| Organization | Position | Status |
|---|---|---|
| DTE Energy Company | Board of Directors | Current |
| Lear Corporation | Vice Chairman | Current |
| Lear Corporation | President | Former |
| Lear Corporation | Chief Financial Officer | Former |
| Lear Corporation | Senior Vice President, Finance | Former |
| Lear Corporation | Secretary | Former |
| Wayne State University | master's degree in business administration | Former |
| Western Michigan University | bachelor's degree in business administration | Former |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Board of Directors | Current |
| General Parts, Inc. | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Hayes Lemmerz International, Inc. | Committee Chair | Current |
| Lear Corporation | Board of Directors | Current |
| Ariba, Inc. | Board of Directors | Current |
| Bausch & Lomb Incorporated | Board of Directors | Current |
| Roper Industries, Inc. | Board of Directors | Current |
| Honeywell International Inc. | chief financial officer | Former |
| Honeywell Corporation | CFO | Former |
| Honeywell Corporation | Senior Vice President | Former |
| International Business Machines Corporation | Vice President | Former |
| International Business Machines Corporation | Controller | Former |
| Avaya Inc. | Board of Directors | Former |
| ExpressJet Airlines, Inc. | Board of Directors | Former |
| University of Chicago Graduate School of Business | Master of Business Administration | Former |
| University of Chicago | MBA | Former |
| Vanderbilt University | B.S. in electrical engineering | Former |
| Vanderbilt University | Degree In Electrical Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Lear Corporation | Board of Directors | Current |
| Metaldyne Corporation | President | Former |
Executive News
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Auto news headlines: Lear seeks OK for bonuses
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Lear Receives Approval of First Day Motions
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White House keeping eye on auto suppliers
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Lear Receives Approval of First Day Motions Court Rulings Enable Company to Maintain Uninterrupted Operations, Protect Trade Vendors and Continue Employee Pay and Benefits
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Lear Receives Approval of First Day Motions
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Lear rallies support, enters Chapter 11
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Auto parts supplier Lear files Chapter 11
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Lear files for Chapter 11
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Car-seat maker files for bankruptcy
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Auto supplier Lear files for Chapter 11
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Parts firm files for bankruptcy
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Lear files Chapter 11 bankruptcy
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Chapter 11 for Lear as US supplier struggles
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Auto parts maker Lear files for bankruptcy pr...
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Auto parts maker Lear files for bankruptcy protection after receiving support
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Lear files for Chapter 11
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Auto parts maker Lear files for Chapter 11
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UPDATE 3-U.S. car parts maker Lear Corp files for bankruptcy
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Lear Files For Chapter 11 Bankruptcy Protection - Update
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Auto parts maker Lear Corp. files for Chapter 11
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