Lear Corporation (LEA) Names Matt Simoncini as New CEO

August 10, 2011 7:04 AM EDT
Lear Corporation (NYSE: LEA) announced that Matt Simoncini (50), senior vice president and chief financial officer, has been elected chief executive officer and president effective September 1, 2011. Mr. Simoncini will also join Lear's Board of Directors on September 1, 2011.

Mr. Simoncini will succeed Bob Rossiter (65), who will step down as CEO, president and a director of Lear on September 1, 2011 and remain in an advisory role until May 2012 to assist with the transition.


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