BorgWarner names Ericson CEO, Gropp CFO of spin-off PHINIA; completion expected late 2023

BORGWARNER INC

Brady Ericson to serve as PHINIA President and CEO; Chris Gropp as EVP and CFO after spin-off completion.
Spin-off of Fuel Systems and Aftermarket segments to be named 'PHINIA Inc.'; target completion late 2023.
Ericson has been BorgWarner VP and President/GM of Fuel Systems and Aftermarket since March 2022.
Gropp has been VP of Finance for Fuel Systems and Aftermarket since Oct 2020; 22 years at BorgWarner.
PHINIA expected to be a product leader in fuel systems, starters, alternators, and aftermarket distribution.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Brady D. Ericson

President and Chief Executive Officer of PHINIA

BWA · BORGWARNER INC

Filed: February 14, 2023, 6:59 PM ET

Brady D. Ericson, Vice President of the Company and President and General Manager of the Company’s Fuel Systems and Aftermarket segments, will serve as President and Chief Executive Officer of PHINIA upon the completion of the Spin-Off.

Departed

Brady D. Ericson

Vice President and President and General Manager of Fuel Systems and Aftermarket segments

BWA · BORGWARNER INC

Filed: February 14, 2023, 6:59 PM ET

he will no longer hold his positions with the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Brady D. Ericson was appointed as President and Chief Executive Officer of PHINIA at BORGWARNER INC.

Action: will serve as
Role: President and Chief Executive Officer of PHINIA

Exact text from the filing

Brady D. Ericson, Vice President of the Company and President and General Manager of the Company’s Fuel Systems and Aftermarket segments, will serve as President and Chief Executive Officer of PHINIA upon the completion of the Spin-Off.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Brady D. Ericson departed as Vice President and President and General Manager of Fuel Systems and Aftermarket segments at BORGWARNER INC.

Action: will no longer hold his positions
Role: Vice President and President and General Manager of Fuel Systems and Aftermarket segments

Exact text from the filing

he will no longer hold his positions with the Company.

View on SEC.gov

BORGWARNER INC filing history →

Source: SEC EDGAR

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