Lear(LEA) Prnewswire·2024-08-12 13:00Core Viewpoint - Lear Corporation has appointed Rod Lache, a former Wall Street automotive analyst, to its Board of Directors, effective August 12, 2024, enhancing the board's expertise in the automotive industry [1][2][3]. Group 1: Appointment Details - Rod Lache's appointment increases Lear's board size to 11 directors, reflecting the company's commitment to ensuring a diverse range of skills and experiences on its board [6]. - Lache has a distinguished background, having recently retired from Wolfe Research, LLC, where he served as Managing Director and Senior Analyst for six years, and previously spent 24 years at Deutsche Bank [3][4]. Group 2: Expertise and Contributions - Lache is recognized as a top automotive industry analyst in the U.S., known for his innovative research on strategic, competitive, and technological themes, including the rise of electrified vehicles and AI in the automotive sector [4]. - His induction into the Institutional Investor Magazine Hall of Fame in 2021 highlights his significant contributions to the field [4]. Group 3: Vision for the Company - Lache expressed confidence in Lear's operational excellence and its potential for design innovation and automation to enhance competitive advantage [5]. - He aims to contribute to shareholder value creation during transformative times for the automotive industry [5]. Group 4: Company Overview - Lear Corporation is a global leader in automotive technology, specializing in Seating and E-Systems, and is committed to innovation, operational excellence, and sustainability [7]. - The company serves every major automaker worldwide and ranks 174 on the Fortune 500 [7].