BNET Industries
Market Cap:$3.0B
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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Lear LEA Started at Buy at UBS
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Dura To Be Acquired By Patriarch; Supplier Consolidation Continues
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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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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
News & Analysis
Filter by
lear corp. and manufacturing - All News and Analysis
Lear Corp. Joins the Ranks of Bankrupt Auto Suppliers
BNET
- 2009-07-08
The global drop in demand for autos continues to take a toll on auto suppliers. Seat maker Lear Corp. is only the latest to file for Chapter 11 protection in U.S. Bankruptcy Court. by Jim Henry
Seat makers will suffer; GM retreats from policy of outsourcing complete interiors.(US newslines)
- 2005-08-01
DETROIT, MICHIGAN -- General Motors Corp. is retreating from its policy of allowing seat makers to handle the design of complete vehicle interiors. In the past four years, the automaker had assigned that job to Lear Corp., Intier and Johnson Controls Inc. Those suppliers...
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...
Supplier opens facility on Ford's new manufacturing campus.(Industry Newsline)
- 2004-09-01
Auto-interior maker Lear Corp. last month officially opened its new facility at Ford Motor Co.'s Chicago Manufacturing Campus in Chicago. The Southfield, MI-based company is one of 12 suppliers participating in the 155-acre supplier campus, the first Auto-interior maker Lear Corp. last month officially opened its...
Southfield, Mi.- Based Auto-Seat Maker Appreciates Hammond, Ind.
- 2002-09-07
By Sharon Porta, The Times, Munster, Ind. Knight Ridder/Tribune Business News Sep. 7--HAMMOND --When it came time for Lear Corporation to select a site to service Ford's Chicago Assembly Plant, several locations were in the running. Company officials said...
Power play: Faurecia buys Sommer Allibert.
- 2000-10-30
French auto supplier Faurecia has won the bidding war to buy molder and interior specialist Sommer Allibert SA. The $1.2 billion acquisition will make Faurecia the second-largest auto supplier in Europe. But the firm also is banking on growth outside Europe, which will bring...
Collins & Aikman Names Batey as President of European Automotive Interior Systems Division
- 2000-07-25
Business Editors, Automotive Writers TROY, Mich.--AutomotiveWire--July 25, 2000 Collins & Aikman Corporation (NYSE:CKC) today announced the appointment of Brian J. Batey as President of the Company's European Automotive Interior Systems Division. In making the announcement, Thomas E. Evans, Chairman and CEO, noted, "Securing a European automotive veteran like...
Manufacturing Briefs.(Brief Article)
- 2000-03-06
Lear, Motorola form joint venture for Internet access, navigation Lear Corp., the Southfield-based automotive interiors supplier, plans to form a joint venture with Motorola Inc. to design Internet access and navigation technology into Ford Motor C Lear, Motorola form joint venture for Internet access,...
Lear to Open a Factory in China.(Originated from Detroit Free Press)
- 1996-09-26
Sep. 26--Auto seat maker Lear Corp., of Southfield, announced Wednesday it will open its first factory in China, joining a host of automakers and parts suppliers scrambling to do business in the world's most populous nation. Lear President Robert Rossiter signed a letter of intent to...
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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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