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
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lear corp. and supplier - All News and Analysis
More supplier consolidation as OEMs strive for lighter, quieter, odour-free cars: technical trends in automotive are challenging ingenuity in the urethanes world--as the supplier and automaker sectors struggle with their commercial viability.(automotive)
- 2007-10-01
Vehicle makers are having to reinvent car engineering in areas such as cutting weight, using greener technology and lowering emissions. But, particularly in the US, these demands come at a time when the automakers are struggling. Their total market is diminishing and the transplants...
Foreign firms go shopping for suppliers; Growth in Asia; need for plants, technical help cited.
- 2007-06-25
Byline: Brent Snavely For nearly two years, merger and acquisition professionals have said overseas companies were actively shopping for U.S. automotive suppliers. But examples were hard to find. That's changing. In recent months, several ove Byline: Brent Snavely...
Supplier labor cuts a mixed bag; Some workers reject concessions, others accept.(News)
- 2007-02-26
Byline: David Barkholz The prospective owners of distressed auto-supplier plants in Pennsylvania and Michigan are having mixed results in their efforts to obtain labor concessions. About 450 unionized workers at a Lear Corp. interiors plant in Byline: David Barkholz...
Lear's road from interiors icon to Carl Icahn; Automakers' moves sent supplier spinning.(News)
- 2007-02-26
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:...
Suppliers retrench in wake of Big Three production cutbacks.(News)
- 2006-09-25
Byline: Brent Snavely Official damage assessments began coming in last week from local automotive suppliers in the wake of Big Three production cuts announced in recent weeks. Southfield-based Lear Corp. dialed down its total sales outlook whil Byline: Brent Snavely...
Suppliers brace for Ford production cuts; Visteon, Lear, JCI make cuts of their own.
- 2006-09-18
Byline: Robert Sherefkin, David Barkholz Crain News Service Ford Motor Co.'s accelerated restructuring plan will worsen an already alarming loss of business for North American suppliers that count on Ford for large chunks of business. On Friday, Byline: Robert Sherefkin, David...
Auto suppliers now willing to just say 'no'; Companies push back on price cuts in troubled sector.(News)
- 2006-08-14
Byline: Brent Snavely, Lindsay Chappell It once would have been unthinkable for a supplier to threaten to halt parts shipments to an automaker over money issues, and also rare to refuse unprofitable contracts with large customers. But a new powe Byline:...
'Nuclear option' keeps suppliers on their toes.(News)
- 2006-07-17
Byline: Robert Sherefkin Crain News Service At a time of extraordinary industry distress, North American automakers are using an obscure legal weapon - dubbed the "nuclear option'' by suppliers - to keep assembly lines running. This weapon Byline: Robert Sherefkin...
Lear Corp. honored by GM as supplier of year
- 2006-05-10
Lear Corp., which operates a facility in St. Charles County, was named as a General Motors Supplier of the Year for its overall business performance in providing GM with world-class parts and services. The award was given during a ceremony on April 29. Lear was named supplier of the year...
Big suppliers take special breed of buyers.
- 2006-03-13
Byline: Rhoda Miel The turmoil shaking through North America's automotive supply industry is putting huge players in the plastics industry up for sale and raising one big question - who, exactly, is in the fiscal shape to invest in them? Collin...
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
Industry Transcripts by Seeking Alpha
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