8-K filed November 7, 2024, 6:59 PM ET ticker BWA CIK 0000908255

leadership confidence high sentiment neutral materiality 0.65

BorgWarner announces CEO succession: Joseph Fadool to succeed Frederic Lissalde effective Feb 6, 2025

BORGWARNER INC

Frederic Lissalde to retire as President & CEO and from the Board on Feb 6, 2025; will serve as consultant through Aug 30, 2025.
Joseph Fadool, current COO, appointed President & CEO and to the Board effective Feb 6, 2025.
Fadool's base salary set at $1.25M; target bonus of $1.875M (150%); LTI target of $8.125M (650%); 59,760 additional performance shares.
Board declared a quarterly cash dividend of $0.11 per share, payable Dec 16, 2024 to holders of record Dec 2, 2024.
Transition period: Lissalde's base salary reduced to 67% of prior rate; no new MIP participation but eligible for pro-rata 2025 MIP.

item 5.02 item 7.01 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0000908255-24-000046
form_type: 8-K
ticker: BWA
cik: 0000908255
company_name: BORGWARNER INC
filed_at: 2024-11-07T23:59:59+00:00
discovered_at: 2026-05-14T18:03:11.342180+00:00
generated_at: 2026-05-30T04:11:42.618398+00:00
sec_items: ["5.02", "7.01", "9.01"]
event_type: leadership
sentiment: neutral
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: high
secwatch_canonical_url: https://secwatch.observer/filing/0000908255-24-000046
json_url: https://secwatch.observer/filing/0000908255-24-000046.json
markdown_url: https://secwatch.observer/filing/0000908255-24-000046.md
text_url: https://secwatch.observer/filing/0000908255-24-000046.txt
edgar_index_url: https://www.sec.gov/Archives/edgar/data/908255/000090825524000046/0000908255-24-000046-index.htm
edgar_primary_document_url: https://www.sec.gov/Archives/edgar/data/908255/000090825524000046/bwa-20241106.htm
generated_by_model: deepseek-v4-flash:cloud@v2
review_status: machine_generated
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Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Frederic B. Lissalde

Member of the Board of Directors

BWA · BORGWARNER INC

Effective: 2025-02-06
Successor: Joseph F. Fadool
Filed: November 7, 2024, 6:59 PM ET

Mr. Lissalde has delivered his resignation as a member of the Board

Role change

Joseph F. Fadool

President and Chief Executive Officer

BWA · BORGWARNER INC

Effective: 2025-02-06
Filed: November 7, 2024, 6:59 PM ET

Joseph F. Fadool, currently the Company’s Executive Vice President of BorgWarner Inc. and Chief Operating Officer, has been appointed to succeed him as President and Chief Executive Officer.

Departed

Frederic B. Lissalde

President and Chief Executive Officer

BWA · BORGWARNER INC

Effective: 2025-02-06
Successor: Joseph F. Fadool
Filed: November 7, 2024, 6:59 PM ET

Frederic B. Lissalde, the President and Chief Executive Officer of the Company, will retire

Appointed

Joseph F. Fadool

Member of the Board of Directors

BWA · BORGWARNER INC

Effective: 2025-02-06
Filed: November 7, 2024, 6:59 PM ET

the Board has acted to appoint Mr. Fadool to the Board to fill the resulting vacancy

Source-grounded claims

45d72cbf03

Frederic B. Lissalde departed as Member of the Board of Directors at BORGWARNER INC.

Mr. Lissalde has delivered his resignation as a member of the Board

SEC 8-K Item 5.02 confidence 1.0 SEC evidence

48c2421458

Joseph F. Fadool was appointed as President and Chief Executive Officer at BORGWARNER INC.

Joseph F. Fadool, currently the Company’s Executive Vice President of BorgWarner Inc. and Chief Operating Officer, has been appointed to succeed him as President and Chief Executive Officer.

SEC 8-K Item 5.02 confidence 1.0 SEC evidence

6ae87b1300

Frederic B. Lissalde departed as President and Chief Executive Officer at BORGWARNER INC.

Frederic B. Lissalde, the President and Chief Executive Officer of the Company, will retire

SEC 8-K Item 5.02 confidence 1.0 SEC evidence

d8933a3469

Joseph F. Fadool was appointed as Member of the Board of Directors at BORGWARNER INC.

the Board has acted to appoint Mr. Fadool to the Board to fill the resulting vacancy

SEC 8-K Item 5.02 confidence 1.0 SEC evidence

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Filing page SEC filing

Source: SEC EDGAR

accession 0000908255-24-000046

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