SOUTHFIELD, Mich., Aug. 12,
2024 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a
global automotive technology leader in Seating and E-Systems, today
announced that Rod Lache, a distinguished former Wall Street
automotive analyst, has been appointed to the Company's Board of
Directors, effective August 12, 2024.
"As a decorated analyst and trusted advisor on automotive
industry trends to investors, as well as business and governmental
leaders, Rod's experience and expertise make him uniquely qualified
to serve on Lear's Board of Directors," said Greg Smith, Lear's Non-Executive Chair of its
Board of Directors. "His exceptional career has been marked by
tremendous insight into emerging industry trends and a passion for
the automotive industry. We are pleased and honored to welcome
him to the Lear team."
Mr. Lache retired in July from Wolfe Research, LLC, where he was
a Managing Director and Senior Analyst covering the automotive
industry for the past six years. Previously, he spent 24 years at
Deutsche Bank where he held positions of increasing responsibility,
including Managing Director and Senior Analyst responsible for the
auto sector.
Consistently recognized by institutional investors and
automotive executives as the top auto industry analyst in the U.S.,
Mr. Lache produced innovative research focused on strategic,
competitive, and technological themes, which included forecasting
the emergence of electrified vehicles and the rise of AI in the
automotive industry. For his contributions to his field, he was
inducted into the Institutional Investor Magazine Hall of Fame in
2021.
"I have followed Lear closely for a number of years as an
analyst, and I believe that the Company's operational excellence
already sets it apart. And going forward, Lear's focus on design
innovation and automation has the potential to expand its
competitive advantage," said Mr. Lache. "The Company's Board and
management team have navigated Lear through unprecedented
challenges within the industry, and I look forward to serving on
the Board to drive shareholder value creation during these
transformative times."
Mr. Lache graduated from New York
University's Stern School of Business with a Bachelor of
Science degree in finance and international business.
The addition of Mr. Lache increases the size of Lear's board to
11 directors. The board routinely assesses its composition to
ensure it includes the appropriate skills, experience, diversity
and viewpoints.
About Lear Corporation
Lear, a global automotive
technology leader in Seating and E-Systems, enables superior
in-vehicle experiences for consumers around the world. Lear's
diverse team of talented employees in 38 countries is driven by a
commitment to innovation, operational excellence, and
sustainability. Lear is Making every drive better™ by providing the
technology for safer, smarter, and more comfortable journeys. Lear,
headquartered in Southfield,
Michigan, serves every major automaker in the world and
ranks 174 on the Fortune 500. Further information about Lear is
available at lear.com.
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SOURCE Lear Corporation