Aptiv Announces Leadership Appointments
Aptiv PLC (NYSE: APTV) has announced key executive appointments to strengthen its leadership team and enhance performance. Effective tomorrow, Joseph Massaro will become Vice Chairman of the Engineered Components Group (ECG), focusing on interconnect and cable management solutions. Massaro, previously CFO, has been with Aptiv since 2016, overseeing Supply Chain Management, Information Systems, and Global Business Services.
Varun Laroyia will join Aptiv as Executive Vice President and Chief Financial Officer, succeeding Massaro. Laroyia brings extensive experience from LKQ , where he held senior finance and operating roles. CEO Kevin Clark emphasized that these appointments will leverage internal talent and new expertise to drive market leadership and value creation.
Massaro expressed excitement about leading the ECG, highlighting opportunities for growth in transportation, aerospace, defense, telecommunications, and industrial markets. Laroyia aims to enhance Aptiv's profitability and competitive position.
Aptiv PLC (NYSE: APTV) ha annunciato importanti nomine esecutive per rafforzare il suo team di leadership e migliorare le prestazioni. A partire da domani, Joseph Massaro diventerà Vice Presidente del Gruppo Componenti Ingegnerizzati (ECG), concentrandosi su soluzioni di interconnessione e gestione dei cavi. Massaro, precedentemente CFO, è in Aptiv dal 2016, supervisionando la gestione della catena di approvvigionamento, i sistemi informativi e i servizi aziendali globali.
Varun Laroyia entrerà in Aptiv come Vice Presidente Esecutivo e Chief Financial Officer, succedendo a Massaro. Laroyia porta con sé una vasta esperienza da LKQ, dove ha ricoperto ruoli senior in finanza e operazioni. Il CEO Kevin Clark ha sottolineato che queste nomine sfrutteranno talenti interni e nuove competenze per guidare la leadership di mercato e la creazione di valore.
Massaro ha espresso entusiasmo per la guida dell'ECG, evidenziando le opportunità di crescita nei settori dei trasporti, aerospaziale, difesa, telecomunicazioni e mercati industriali. Laroyia mira a migliorare la redditività di Aptiv e la sua posizione competitiva.
Aptiv PLC (NYSE: APTV) ha anunciado importantes nombramientos ejecutivos para fortalecer su equipo de liderazgo y mejorar el rendimiento. A partir de mañana, Joseph Massaro se convertirá en Vicepresidente del Grupo de Componentes Ingenierizados (ECG), centrándose en soluciones de interconexión y gestión de cables. Massaro, quien fue CFO anteriormente, ha estado con Aptiv desde 2016, supervisando la gestión de la cadena de suministro, los sistemas de información y los servicios comerciales globales.
Varun Laroyia se unirá a Aptiv como Vicepresidente Ejecutivo y Director Financiero, sucediendo a Massaro. Laroyia trae una amplia experiencia de LKQ, donde ocupó roles senior en finanzas y operaciones. El CEO Kevin Clark enfatizó que estos nombramientos aprovecharán el talento interno y la nueva experiencia para impulsar el liderazgo en el mercado y la creación de valor.
Massaro expresó su entusiasmo por liderar el ECG, destacando las oportunidades de crecimiento en los mercados de transporte, aeroespacial, defensa, telecomunicaciones e industrial. Laroyia tiene como objetivo mejorar la rentabilidad de Aptiv y su posición competitiva.
Aptiv PLC (NYSE: APTV)는 리더십 팀을 강화하고 성과를 향상시키기 위해 주요 임원 임명을 발표했습니다. 내일부터 Joseph Massaro는 엔지니어링 부품 그룹(ECG)의 부회장으로 임명되어 인터커넥트 및 케이블 관리 솔루션에 집중할 예정입니다. Massaro는 이전에 CFO로 재직하며 2016년부터 Aptiv에 재직하며 공급망 관리, 정보 시스템 및 글로벌 비즈니스 서비스를 감독해왔습니다.
Varun Laroyia는 Massaro의 후임으로 Aptiv의 총괄 부사장 및 CFO로 합류합니다. Laroyia는 LKQ에서 고위 재무 및 운영 역할을 맡으며 폭넓은 경험을 제공합니다. CEO Kevin Clark는 이러한 임명이 내부 인재와 새로운 전문성을 활용하여 시장 리더십과 가치 창출을 촉진할 것이라고 강조했습니다.
Massaro는 ECG를 이끌게 되어 기대가 크며, 교통, 항공우주, 국방, 통신 및 산업 시장에서 성장 기회가 있음을 강조했습니다. Laroyia는 Aptiv의 수익성과 경쟁력을 높일 계획입니다.
Aptiv PLC (NYSE: APTV) a annoncé d'importantes nominations exécutives pour renforcer son équipe de direction et améliorer la performance. À partir de demain, Joseph Massaro deviendra Vice-Président du Groupe des Composants Ingénierisés (ECG), se concentrant sur les solutions d'interconnexion et de gestion des câbles. Massaro, anciennement CFO, travaille chez Aptiv depuis 2016 et supervise la gestion de la chaîne d'approvisionnement, les systèmes d'information et les services commerciaux mondiaux.
Varun Laroyia rejoindra Aptiv en tant que Vice-Président Exécutif et Directeur Financier, succédant à Massaro. Laroyia apporte une vaste expérience de LKQ, où il a occupé des postes de finance et d'exploitation senior. Le PDG Kevin Clark a souligné que ces nominations tireront parti des talents internes et de nouvelles expertises pour favoriser le leadership sur le marché et la création de valeur.
Massaro a exprimé son enthousiasme à l'idée de diriger l'ECG, mettant en avant les opportunités de croissance dans les secteurs des transports, de l'aérospatiale, de la défense, des télécommunications et des marchés industriels. Laroyia vise à améliorer la rentabilité d'Aptiv et sa position concurrentielle.
Aptiv PLC (NYSE: APTV) hat wichtige geschäftliche Ernennungen bekannt gegeben, um sein Führungsteam zu stärken und die Leistung zu verbessern. Ab morgen wird Joseph Massaro Vizepräsident der Gruppe für Ingenieurkomponenten (ECG) und sich auf Lösungen für Interkonnektivität und Kabelmanagement konzentrieren. Massaro, der zuvor CFO war, ist seit 2016 bei Aptiv und überwacht das Lieferkettenmanagement, Informationssysteme und globale Geschäftsdienste.
Varun Laroyia wird Aptiv als geschäftsführender Vizepräsident und Chief Financial Officer beitreten und Massaro nachfolgen. Laroyia bringt umfassende Erfahrung von LKQ mit, wo er leitende Finanz- und Betriebsrollen innehatte. CEO Kevin Clark betonte, dass diese Ernennungen internes Talent und neue Expertise nutzen werden, um die Marktführerschaft und die Wertschöpfung voranzutreiben.
Massaro äußerte seine Begeisterung für die Leitung der ECG und hob die Wachstumschancen in den Bereichen Verkehr, Luft- und Raumfahrt, Verteidigung, Telekommunikation und Industrie hervor. Laroyia hat sich zum Ziel gesetzt, die Rentabilität von Aptiv und die Wettbewerbsposition zu verbessern.
- Joseph Massaro's extensive experience and new role in the Engineered Components Group (ECG) may drive growth in high-margin products.
- Varun Laroyia's appointment as CFO could improve operating discipline, profit margins, and shareholder returns.
- Leadership changes can introduce transitional risks and uncertainties.
Joseph Massaro Named Vice Chairman, Engineered Components Group
Varun Laroyia Named Executive Vice President and Chief Financial Officer
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Joseph Massaro, most recently Vice Chairman, Business Operations, and Chief Financial Officer of Aptiv, has been named Vice Chairman, Engineered Components Group (“ECG”), which includes the Company’s portfolio of interconnect and cable management solutions. In 2016, Mr. Massaro was appointed Chief Financial Officer of Aptiv and later assumed management responsibilities for Supply Chain Management, Information Systems, and Global Business Services.
- Varun Laroyia is joining the Company as Executive Vice President and Chief Financial Officer, succeeding Mr. Massaro. Mr. Laroyia most recently served in senior finance and operating management roles at LKQ Corporation, a leading global provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles.
“The appointments announced today enable us to capitalize on the strong team within our organization and the benefits of new talent to ensure we are best positioned to advance Aptiv’s market leadership and deliver value creation,” said Kevin Clark, Chairman and Chief Executive Officer.
“Joe has been an important partner to me in driving transformation and execution in a dynamic environment. In his new role, we can more deeply tap into his business acumen and operating expertise to accelerate the growth of our Engineered Components product portfolio. Varun has a proven track record of instilling operating discipline, expanding profit margins and increasing shareholder returns. Combined with his leadership experience across complex global organizations, including those which serve very competitive industries, he is the right person to serve as Aptiv’s next CFO and build on the solid financial foundation we have in place,” continued Mr. Clark.
Over his more than ten years with Aptiv, Mr. Massaro has helped guide the Company through significant change, spearheading growth initiatives and driving operational excellence and resiliency across its global business.
Mr. Massaro said, “I am excited to lead the Engineered Components Group and look forward to working with Varun and the broader executive and ECG teams in my new role. ECG’s broad portfolio of high-growth, high-margin products provide significant opportunity to accelerate growth through both organic and inorganic initiatives that drive further penetration of the transportation, aerospace and defense, telecommunications, and industrial markets.”
Mr. Laroyia is a seasoned finance and operating executive with decades of successful leadership across global companies.
Mr. Laroyia said, “Aptiv’s world-wide reach and technology portfolio of safe, green, and connected full-system solutions uniquely position the company to address its customers’ most challenging needs. I look forward to lending my expertise to further strengthen Aptiv’s competitive position, improve our profitability, and deliver value for our customers and to our shareholders.”
About Joseph Massaro
In November 2024, Joseph R. Massaro was named Vice Chairman, Engineered Components. In this role, Mr. Massaro is responsible for developing and executing growth strategies for ECG’s Connection Systems, HellermannTyton, Winchester Interconnect, and Intercable Automotive Solutions businesses.
In March 2016, Mr. Massaro was appointed Senior Vice President and Chief Financial Officer, overseeing all Finance and Accounting functions, and subsequently assumed responsibility for Supply Chain Management, Information Systems, Global Business Services. In September 2020, he also assumed the role of Senior Vice President, Business Operations, and in 2024, was elevated to Vice Chairman, Business Operations and Chief Financial Officer.
Mr. Massaro joined the Company in 2013 as Vice President, Internal Audit, and was appointed Vice President, Corporate Controller in 2014.
Prior to Aptiv, Mr. Massaro held senior finance and operational leadership roles at Liberty Lane Partners, ThermoFisher Scientific Inc. and Fisher Scientific International Inc. He began his career at PricewaterhouseCoopers where he was a Managing Director in the firm's Transaction Services practice.
Mr. Massaro received a Bachelor’s Degree in Finance and Economics from Bentley University, and a Master of Business Administration and Master’s in Accounting from Northeastern University.
About Varun Laroyia
Before being appointed Executive Vice President and Chief Financial Officer of Aptiv in November 2024, Mr. Laroyia spent seven years with LKQ Corporation. He joined LKQ in 2017 as Executive Vice President and Chief Financial Officer where he dramatically improved working capital efficiency and cash flow, implemented portfolio actions, and drove a value creating capital allocation strategy. He was named Chief Executive Officer of LKQ Europe in 2022, leading the largest distributor of automotive mechanical parts in
Prior to LKQ, Mr. Laroyia served as Chief Financial Officer of CBRE Group Inc.’s Global Workforce Solutions (“GWS”) business following CBRE’s acquisition of GWS from Johnson Controls Inc., and prior to that, in a variety of roles of increasing responsibility at Johnson Controls, Gateway, General Electric and KPMG in
Mr. Laroyia received a Master of Business Administration in Marketing and Strategy from Cardiff Business School, University of
About Aptiv
Aptiv PLC (NYSE: APTV) is a leading global technology company serving transportation, aerospace and defense, telecommunications, and industrial markets. We deliver world-class products, platforms, and full-system solutions that solve our customers’ toughest challenges through the Aptiv, Wind River, HellermannTyton, Intercable Automotive Solutions, and Winchester Interconnect brands. Our industry-leading sensor-to-cloud portfolio supports mission-critical systems globally, enabling a software-defined future that is safe, green, and connected. Visit www.aptiv.com for more information.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241107295014/en/
Lisa Scalzo
Lisa.Scalzo@aptiv.com
Source: Aptiv PLC
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