Frederic Lissalde has been appointed as president and chief executive officer of BorgWarner with effect from August 1, 2018. The current CEO James R. Verrier will step down from the post and serve in a non-executive advisory role to the Board of Directors and CEO until he retires from the company on February 28, 2019.
Lissalde currently serves as executive vice president and chief operating officer. Earlier, he was president and general manager of BorgWarner Turbo Systems, vice president and general manager of BorgWarner Transmissions Systems and vice president of global sales and marketing of BorgWarner Drivetrain Systems. He also served as managing director of several operations in Europe for BorgWarner Drivetrain Systems. Frederic holds a Masters of Engineering degree from ENSAM – Ecole Nationale Superieure des Arts et Metiers – Paris and an MBA from HEC Paris.
“James has done a remarkable job of leading the organization and evolving the company’s vision, strategy and product portfolio to be well aligned with the global industry trends. His leadership to build a broad comprehensive product portfolio for combustion, hybrid and electric vehicles set the company on a path for continued growth regardless of how the global markets evolve. We are extremely grateful for James’ many transformative contributions which have positioned the company well for long-term success to benefit all stakeholders. At the same time, we are excited to have Fred lead the company and continue to build upon our success,” said Alexis P Michas, Non-executive Chairman of the Board of Directors.