---
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"
generated_at: "2026-05-30T04:11:42.618398+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/908255/000090825524000046/0000908255-24-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/908255/000090825524000046/bwa-20241106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000908255-24-000046
- JSON: https://secwatch.observer/filing/0000908255-24-000046.json
- Plain text: https://secwatch.observer/filing/0000908255-24-000046.txt

## Source-grounded claims
- claim_id: 45d72cbf03
  claim: Frederic B. Lissalde departed as Member of the Board of Directors at BORGWARNER INC.
  evidence_excerpt: Mr. Lissalde has delivered his resignation as a member of the Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/908255/000090825524000046/0000908255-24-000046-index.htm
- claim_id: 48c2421458
  claim: Joseph F. Fadool was appointed as President and Chief Executive Officer at BORGWARNER INC.
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/908255/000090825524000046/0000908255-24-000046-index.htm
- claim_id: 6ae87b1300
  claim: Frederic B. Lissalde departed as President and Chief Executive Officer at BORGWARNER INC.
  evidence_excerpt: Frederic B. Lissalde, the President and Chief Executive Officer of the Company, will retire
  evidence_url: https://www.sec.gov/Archives/edgar/data/908255/000090825524000046/0000908255-24-000046-index.htm
- claim_id: d8933a3469
  claim: Joseph F. Fadool was appointed as Member of the Board of Directors at BORGWARNER INC.
  evidence_excerpt: the Board has acted to appoint Mr. Fadool to the Board to fill the resulting vacancy
  evidence_url: https://www.sec.gov/Archives/edgar/data/908255/000090825524000046/0000908255-24-000046-index.htm

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