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Lear Appoints Former Leading Auto Analyst Rod Lache to Board of Directors

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Lear (NYSE: LEA), a global automotive technology leader, has appointed Rod Lache, a distinguished former Wall Street automotive analyst, to its Board of Directors, effective August 12, 2024. Lache, who recently retired from Wolfe Research, , brings extensive industry expertise and insight into emerging trends. His appointment increases Lear's board size to 11 directors.

Lache's career highlights include:

  • 24 years at Deutsche Bank, rising to Managing Director and Senior Analyst
  • Recognized as the top auto industry analyst in the U.S.
  • Inducted into the Institutional Investor Magazine Hall of Fame in 2021
  • Known for innovative research on strategic, competitive, and technological themes

Lear's Non-Executive Chair, Greg Smith, praised Lache's unique qualifications and industry insights, expressing confidence in his ability to contribute to shareholder value creation during transformative times in the automotive sector.

Lear (NYSE: LEA), leader globale nella tecnologia automobilistica, ha nominato Rod Lache, un rinomato ex analista automobilistico di Wall Street, nel suo Consiglio di Amministrazione, con effetto dal 12 agosto 2024. Lache, che ha recentemente svolto la sua carriera presso Wolfe Research, porta un'ampia esperienza nel settore e una visione sui trend emergenti. La sua nomina aumenta il numero di membri del consiglio di Lear a 11.

Le tappe salienti della carriera di Lache includono:

  • 24 anni presso Deutsche Bank, arrivando a Direttore Generale e Analista Senior
  • Riconosciuto come il principale analista dell'industria automobilistica negli Stati Uniti
  • Indotto nella Hall of Fame della rivista Institutional Investor Magazine nel 2021
  • Nota per la ricerca innovativa su temi strategici, competitivi e tecnologici

Il Presidente Non Esecutivo di Lear, Greg Smith, ha lodato le uniche qualifiche di Lache e le sue intuizioni nel settore, esprimendo fiducia nella sua capacità di contribuire alla creazione di valore per gli azionisti in tempi di trasformazione nel settore automobilistico.

Lear (NYSE: LEA), líder global en tecnología automotriz, ha designado a Rod Lache, un destacado ex analista automotriz de Wall Street, para su Junta Directiva, con efectividad el 12 de agosto de 2024. Lache, quien recientemente se jubiló de Wolfe Research, aporta una amplia experiencia en la industria y una visión sobre las tendencias emergentes. Su nombramiento aumenta el tamaño de la junta de Lear a 11 directores.

Los aspectos destacados de la carrera de Lache incluyen:

  • 24 años en Deutsche Bank, ascendiendo a Director General y Analista Senior
  • Reconocido como el mejor analista de la industria automotriz en EE. UU.
  • Inducido al Salón de la Fama de la revista Institutional Investor en 2021
  • Conocido por su investigación innovadora sobre temas estratégicos, competitivos y tecnológicos

El Presidente No Ejecutivo de Lear, Greg Smith, elogió las cualificaciones únicas de Lache y sus percepciones industriales, expresando confianza en su capacidad para contribuir a la creación de valor para los accionistas durante tiempos de transformación en el sector automotriz.

Lear (NYSE: LEA)는 글로벌 자동차 기술 선두주자로서 Rod Lache를 이사회의 구성원으로 임명했습니다. 이 임명은 2024년 8월 12일부터 효력이 발생합니다. 최근 Wolfe Research에서 은퇴한 Lache는 자동차 산업에 대한 광범위한 전문성과 신흥 트렌드에 대한 통찰력을 제공합니다. 그의 임명으로 Lear 이사회는 11명의 이사로 확대됩니다.

Lache의 경력 하이라이트는 다음과 같습니다:

  • Deutsche Bank에서 24년 근무하며 전무 이사 및 수석 분석가로 성장
  • 미국에서 최고의 자동차 산업 분석가로 인정받음
  • 2021년 Institutional Investor Magazine 명예의 전당에 헌액
  • 전략, 경쟁 및 기술 테마에 대한 혁신적인 연구로 알려짐

Lear의 비상근 의장인 Greg Smith는 Lache의 독특한 자질과 산업 통찰력을 칭찬하며, 자동차 산업의 변혁적 시기에 주주 가치를 창출할 수 있을 것이라는 확신을 표명했습니다.

Lear (NYSE: LEA), leader mondial dans la technologie automobile, a nommé Rod Lache, un ancien analyste automobile distingué de Wall Street, à son conseil d'administration, avec effet au 12 août 2024. Lache, qui a récemment pris sa retraite de Wolfe Research, apporte une vaste expertise sectorielle et des idées sur les tendances émergentes. Sa nomination porte à 11 le nombre de directeurs du conseil de Lear.

Les faits marquants de la carrière de Lache incluent :

  • 24 ans chez Deutsche Bank, où il a gravi les échelons jusqu'à Directeur Général et Analyste Senior
  • Reconnu comme le meilleur analyste de l'industrie automobile aux États-Unis
  • Induit au Hall of Fame du magazine Institutional Investor en 2021
  • Connu pour ses recherches innovantes sur des thèmes stratégiques, concurrentiels et technologiques

Le Président Non Exécutif de Lear, Greg Smith, a salué les qualifications uniques de Lache et ses perspectives sectorielles, exprimant sa confiance en sa capacité à contribuer à la création de valeur pour les actionnaires durant des périodes de transformation dans le secteur automobile.

Lear (NYSE: LEA), ein globaler Technologieführer in der Automobilindustrie, hat Rod Lache, einen angesehenen ehemaligen Automobilanalysten von Wall Street, in seinen Vorstand berufen, der am 12. August 2024 in Kraft tritt. Lache, der kürzlich von Wolfe Research in den Ruhestand trat, bringt umfassende Branchenerfahrungen und Einblicke in aufkommende Trends mit. Mit seiner Ernennung erhöht sich die Anzahl der Direktoren im Vorstand von Lear auf 11.

Zu den Höhepunkten von Laches Karriere gehören:

  • 24 Jahre bei Deutsche Bank, wo er bis zum Managing Director und Senior Analyst aufstieg
  • Als der beste Automobilindustrienanalyst in den USA anerkannt
  • 2021 in die Hall of Fame des Institutional Investor Magazine aufgenommen
  • Bekannt für innovative Forschung zu strategischen, wettbewerbs- und technologischen Themen

Greg Smith, der nicht-executive Vorsitzende von Lear, lobte Laches einzigartige Qualifikationen und Branchenkenntnisse und äußerte Vertrauen in seine Fähigkeit, zur Schaffung von Aktionärswert in Zeiten des Wandels in der Automobilindustrie beizutragen.

Positive
  • Appointment of a highly experienced and respected industry analyst to the board
  • Potential for fresh insights and strategic guidance from Lache's extensive industry knowledge
  • Expansion of board size to 11 directors, potentially bringing more diverse perspectives
Negative
  • None.

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

FAQ

Who is Rod Lache and why was he appointed to Lear 's (LEA) board?

Rod Lache is a distinguished former Wall Street automotive analyst who was appointed to Lear 's (LEA) board on August 12, 2024. He brings extensive industry expertise, having been recognized as the top auto industry analyst in the U.S. and inducted into the Institutional Investor Magazine Hall of Fame in 2021.

How might Rod Lache's appointment impact Lear 's (LEA) strategy?

Rod Lache's appointment to Lear 's (LEA) board is expected to bring fresh insights and strategic guidance. His expertise in forecasting industry trends, such as the emergence of electrified vehicles and AI in automotive, could help Lear navigate transformative times in the sector and potentially drive shareholder value creation.

What is the new size of Lear 's (LEA) board after Rod Lache's appointment?

With the addition of Rod Lache, Lear 's (LEA) board size has increased to 11 directors. This expansion potentially brings more diverse perspectives and expertise to the company's leadership.

What was Rod Lache's most recent position before joining Lear 's (LEA) board?

Before joining Lear 's (LEA) board, Rod Lache recently retired from Wolfe Research, , where he served as a Managing Director and Senior Analyst covering the automotive industry for six years.

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