BorgWarner has announced the promotion of Joseph Fadool, currently Vice President of BorgWarner Inc. and President and General Manager of Emissions, Thermal, and Turbo Systems, to Executive Vice President and Chief Operating Officer, effective July 1, 2024. In his new role, Fadool will oversee the company’s operations, with business unit presidents reporting directly to him. He will report to Frédéric Lissalde, President and Chief Executive Officer of BorgWarner.
“Joe is uniquely positioned to take on the role of Chief Operating Officer given his deep familiarity with our organisation and understanding of the development and commercialization of our technologies,” said Lissalde. “His contributions leading our Emissions, Thermal and Turbo Systems business unit over the last five years have resulted in strong growth and business performance, as well as fortified relationships with major global OEMs. I look forward to working more closely with Joe in this new role to deliver even better outcomes for our customers and our shareholders.”
Fadool expressed his enthusiasm, stating, “I’m honoured to become Chief Operating Officer at this important time in our Company’s work to accelerate the world’s transition to advanced mobility solutions. I believe BorgWarner has an immense opportunity to deliver sustained value to our stakeholders through innovative product leadership and support our customers around the globe as they transition their future portfolios. I am eager to support Fred and the entire BorgWarner team in this exciting time for our Company.”
In connection with Fadool’s appointment, BorgWarner is introducing a new business unit structure designed to enhance further the execution of the Company’s Charging Forward strategy. Effective July 1, 2024, the company will reorganise its business units as follows: Emissions, Thermal and Turbo Systems, led by Dr. Volker Weng; Drivetrain and Morse Systems, led by Isabelle McKenzie; PowerDrive Systems, led by Dr. Stefan Demmerle; and Battery and Charging Systems, led by Henk Vanthournout.
“As we continue to meaningfully progress Charging Forward, it is the right time to align our business unit structure,” said Lissalde. “In addition to strengthening BorgWarner’s operational agility, we expect this new structure to increase efficiency through cross-functional collaboration and additional cost controls. We believe this best positions us to capture the many growth opportunities ahead.”
BorgWarner will align its financial reporting segments with its new business unit structure beginning July 1, 2024.
