---
schema_version: "secwatch.filing_event.v1"
accession: "0000908255-23-000058"
form_type: "8-K"
ticker: "BWA"
cik: "0000908255"
company_name: "BORGWARNER INC"
filed_at: "2023-12-05T23:59:59+00:00"
generated_at: "2026-06-07T18:28:40.966563+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# BorgWarner CFO Kevin Nowlan to retire March 2024; Craig Aaron named successor

## Summary
- Kevin Nowlan will retire as EVP and CFO effective March 1, 2024; advisory role through April 1.
- Craig D. Aaron, current VP and Controller, appointed EVP and CFO effective March 1, 2024.
- Aaron's new comp: base salary $675K, target bonus $810K (120% of base), LTI $2.025M (300%).
- Aaron eligible for up to 17,080 additional performance shares for 2023–2025 period.
- Company to search for new Principal Accounting Officer to succeed Aaron.

## SEC filing metadata
- accession: 0000908255-23-000058
- form_type: 8-K
- ticker: BWA
- cik: 0000908255
- company_name: BORGWARNER INC
- filed_at: 2023-12-05T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/908255/000090825523000058/0000908255-23-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/908255/000090825523000058/bwa-20231130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000908255-23-000058
- JSON: https://secwatch.observer/filing/0000908255-23-000058.json
- Plain text: https://secwatch.observer/filing/0000908255-23-000058.txt

## Key facts
- Executive change
  Craig D. Aaron was appointed as Executive Vice President and Chief Financial Officer at BORGWARNER INC.
  - Action: appointed
  - Role: Executive Vice President and Chief Financial Officer
  source text: On December 5, 2023, the Company announced the appointment of Craig D. Aaron, currently the Company’s Vice President and Controller, to the role of Executive Vice President and Chief Financial Officer, effective March 1, 2024, succeeding Mr. Nowlan in that role.
  evidence_url: https://www.sec.gov/Archives/edgar/data/908255/000090825523000058/0000908255-23-000058-index.htm
- Executive change
  Kevin A. Nowlan departed as Executive Vice President and Chief Financial Officer at BORGWARNER INC.
  - Action: retire
  - Role: Executive Vice President and Chief Financial Officer
  source text: On November 30, 2023, Kevin A. Nowlan, Executive Vice President and Chief Financial Officer of BorgWarner Inc. (the “Company”), notified the Company of his intention to retire as Executive Vice President and Chief Financial Officer effective March 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/908255/000090825523000058/0000908255-23-000058-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.