American global automotive electronics supplier Visteon Corporation announced that Executive Vic-President and Chief Financial Officer Christian Garcia has resigned from the company to accept another position based in Houston, Texas.
Garcia will continue in his current position till the end of this October to ensure a smooth transition for the company. Meanwhile, Visteon’s board of directors has unanimously approved the appointment of William Robertson, former Vice-President and treasurer of the company, as interim CFO during the search for a permanent replacement.
Sachin Lawande, President and CEO, Visteon, “On behalf of the board and executive team, I would like to thank Christian for his dedicated service and partnership over the last three years at Visteon. He has been a valuable contributor to the Visteon management team and we all wish him well in his future endeavors. I would also like to welcome Bill back to Visteon in this interim role as the company searches for a permanent replacement.”
As per the company, Garcia’s resignation is not related to any issues involving the company’s operations, financial statements, internal controls, policies or practices.
On his departure, Garcia stated, “Leaving the company has been a difficult decision. While this is the right personal choice, I will miss working with the Visteon team and I am confident the company’s next stage of growth is firmly underway. It has been a pleasure to be part of Visteon through a period of significant transformation, and I wish the entire team continued success.”
While the development did not impact the share prices of the automotive parts maker, it will be imperative for the company to find a permanent replacement soon enough to ensure a smooth transition. Visteon has approximately 10,000 employees at more than 40 facilities in 18 countries and clocked sales of approximately $3 Bn in 2018.