Steven Tesoriere resigns from Garrett Motion board of directors

Garrett Motion Inc. (Nasdaq: GTX) announced that Steven Tesoriere has resigned from its board of directors, according to a company press release.

Tesoriere joined the board in April 2021 as a designee of funds affiliated with Oaktree Capital Management, L.P. under the terms of the company's Series A Investor Rights Agreement. During his tenure, he served on the Talent Management and Compensation Committee and previously chaired both the Finance Committee and the Nominating and Governance Committee.

Tesoriere is a Managing Director and Portfolio Manager at Oaktree Capital Management.

Daniel Ninivaggi, Chairman of the Board of Garrett, said in the statement: "On behalf of the Board, I would like to thank Steve for his valuable contributions during his tenure."

Tesoriere said: "It has been a privilege to work with Garrett's management and Board, and I am grateful for the strong partnership we have built."

The company did not announce a replacement for Tesoriere's board seat.

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