TIFS Ti Fluid Systems Plc

TIDMTIFS

RNS Number : 6584T

TI Fluid Systems PLC

18 November 2019

18 November 2019

TI Fluid Systems plc

Executive Directorate Change

TI Fluid Systems plc (the "Company" and, together with its affiliates, the "Group") is pleased to announce that Ronald Hundzinski will be the Group's new Chief Financial Officer and an Executive Director of the Company, both effective 6 January 2020.

Ron will be joining the Group from Tenneco, Inc. where he is Executive Vice President -- Finance. During the prior thirty-five years, he has held a variety of leadership positions in finance at Emerson Electric, GKN, Meridian Automotive and BorgWarner. He served as Chief Financial Officer and Executive Vice President of BorgWarner from 2012 through 2018.

Ron is also currently a Non-Executive Director of Gentherm, a publicly traded company on the New York Stock Exchange. Other than the directorship highlighted above, there are no matters requiring disclosure pursuant to Listing Rule 9.6.13.

Ron will succeed Timothy Knutson who, as previously announced, will pursue other interests outside of the Group. Tim will remain in his current positions until 31 December 2019.

William L. Kozyra, Chief Executive Officer, said:

"The Group is grateful to Tim for his many significant contributions over the past decade working with the team and our key stakeholders."

Manfred Wennemer, Chairman of the Company, said:

"We welcome Ron to the Board and our senior executive team. He brings both financial expertise and a depth of experience in the automotive industry."

 
 Enquiries: 
 
 TI Fluid Systems plc    +44 (0)1865 871824 
 Alpna Amar 
 Investor Relations 
 
 FTI Consulting          +44 (0)20 3727 1340 
 Richard Mountain 
 Nick Hasell 
 

About TI Fluid Systems plc

TI Fluid Systems (LSE: TIFS) is a leading global manufacturer of fluid storage, carrying and delivery systems primarily for the light duty automotive market. With nearly 100 years of automotive fluid systems experience, TI Fluid Systems has manufacturing facilities in 111 locations across 28 countries serving all major global OEMs.

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