BNET Industries
Market Cap:$2.8B
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
company and lear corp. - All News and Analysis
10 investors; Looking for bargains, big players descend on the auto industry.(Supplement)
- 2007-04-23
Byline: Brent Snavely, Automotive News Ron Burkle, Yucaipa Cos. L.L.C. The powerful friend of former President Clinton may soon control 70 percent of the U.S. car-hauling business. Burkle stepped into the Chapter 11 case of Decatur, Ga.-based Byline:...
Icahn on Lear: Company positioned well in industry.(Carl Icahn investing Lear Corp. (Dearborn, Michigan))
- 2007-03-19
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 ...
Bleak 4Q earnings numbers skewed by automotive woes.(News)
- 2007-03-05
Byline: Tom Henderson, Brent Snavely The fourth-quarter numbers painted a bleak picture for earnings for Southeast Michigan public companies, but this is one time the numbers may have lied, said David Sowerby, portfolio manager and chief market an Byline: Tom Henderson, Brent Snavely...
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 )
- 2007-02-12
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 ...
Deal - or no deal? M&As rose in 2006, but wait continues for some that were expected.(Focus)
- 2007-01-29
Byline: Brent Snavely Acquisitions were up in 2006, but many of the most anticipated deals are still either underway or just didn't happen. Last year both began and ended with speculation about who would eventually own Delphi Corp., Collins & Byline:...
Auto turmoil equals vacant real estate; Industrial, offices empty.(Collins & Aikman Corp.)
- 2006-12-04
Byline: Jennette Smith When Collins & Aikman Corp. moved to Southfield's Travelers Tower II in June, it was a standard example of an auto supplier cutting costs by relocating to a building with cheaper rent. For local real estate professiona Byline:...
Ross, Lear may lose out on deal for pieces of Collins & Aikman.(News)
- 2006-02-13
Byline: Robert Sherefkin, David Barkholz New York investor Wilbur Ross may have hit some snags on the way to rolling up the auto interiors sector. Collins & Aikman Corp., a linchpin of Ross's acquisition strategy, is looking increasingly lik Byline: Robert...
Processor News.(Briefs)(Restructuring Lear Corp.)(Firestone Building Products Co. relocating)(Simonton Windows opening fabrication site )
- 2005-07-11
Restructuring Lear may close 20 plants SOUTHFIELD, MICH. - Auto supplier Lear Corp. may close as many as 20 plants as part of a restructuring, beginning with five facilities in North America and Europe. The company said in a June 27 announcement...
Industry risk report auto manufacturing
- 2005-05-01
INDUSTRY RISK REPORT AUTO MANUFACTURING There's more to making a car than conveyor belts and assembly lines, just ask people like Ford Motor Company's Laurie Champion. Find out what risk managers in the auto manufacturing industry are doing to drive up production levels and stay up to speed with...
This Just In.(company sales and earnings; reorganization and restructuring)
- 2005-04-25
Lear mulls plant closings, may outsource plastic parts Auto interiors supplier Lear Corp. said it will announce plant closings in the next few months after it reported first-quarter results that saw an 83 percent dip in net income. Chairman and ...
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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Lear
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