STRATTEC SECURITY CORPORATION names senior automotive parts executive as CEO

Core Viewpoint - STRATTEC SECURITY CORPORATION has appointed Jennifer L. Slater as the new President and CEO, effective July 1, 2024, bringing over 25 years of experience in the automotive industry and a strong focus on growth and shareholder value [1][2]. Company Leadership - Jennifer L. Slater is currently the Executive Vice President and General Manager at Sensata Technologies, where she led a significant transformation towards electrified products [2]. - Slater has a proven track record in various leadership roles, including her previous position at Clarios, where she managed a $3.3 billion battery business [3]. - The Board Chair, F. Jack Liebau, Jr., expressed confidence in Slater's ability to lead the company, highlighting her past successes and alignment with the Board's goals [2]. Company Background - STRATTEC designs, develops, manufactures, and markets automotive access control products, including mechanical and electronically enhanced locks, ignition lock housings, and various power systems for vehicles [6]. - The company has a strategic partnership with WITTE Automotive and ADAC Automotive, allowing it to market products globally under the "VAST Automotive Group" brand [6]. - STRATTEC has a long history in the automotive business, spanning 115 years [6].