Issue: Feb 2015


Mike Heneka to Retire as Faurecia NAO President; Mark Stidham Named Successor



by Nick Palmen

Faurecia, North America's sixth-largest automotive supplier, announced that Mike Heneka will retire from his position as NAO president effective March 1. Mark Stidham, former president of Faurecia Emissions Control Technologies (FECT), will assume the role of president.

 

A veteran of the automotive industry for more than 30 years, Heneka's career with Faurecia began in 2006 when he joined the company as President of the Interior Systems division for the region. In 2007, he was promoted to the role of president of North America.

 

Throughout his almost decade-long career at the company, Heneka's management of Faurecia's four divisions as well as his relationships with customers has greatly contributed to the company's success. Under his leadership, the region has grown from around 9,000 employees to more than 20,000, and has expanded to encompass 47 sites across Canada, Mexico and the U.S. -- a number that has more than doubled from 23 sites in 2007. Heneka has seen the company climb from the No. 21 slot (2006) on the Automotive News' list of top suppliers in North America to No. 6 (2014) and oversaw its sales growth to $6.25 billion, an increase of nearly $4 billion since 2007.

 

Heneka's influence has reached beyond Faurecia to touch many aspects of the automotive industry and the Southeast Michigan community. He has served on the Board of Directors of the Original Equipment Suppliers Association, the National Association of Manufacturers and the Automotive Hall of Fame, and is a member of the Michigan Arthritis Foundation. Heneka also spearheaded Faurecia's community relations initiatives, and in particular the FUELS campaign, which in 2014 provided more than 1.12 million meals to local families.

 

Heneka will remain with Faurecia as an advisor to Mark Stidham through June of 2015.

 

Mark Stidham has a career that spans over 30 years and considerable experience in the automotive industry. Stidham joined Faurecia in 2003 as President of Exhaust Systems North America, which later became Emissions Control Technologies. In this role, Stidham was a key leader in the integration of Emcon Technologies, acquired in 2010, which doubled the size of the business and led to the creation of the North American leader for Emissions Control with sales of around 2 billion euros in 2013.

 

Stidham has also led the partnership with Cummins for the commercial vehicles emissions control business, which is set to grow at around 30 percent per annum in the coming years. Prior to joining Faurecia, Stidham was a business group vice president at Donnelly Corporation. He will build on Faurecia's many achievements in the region and help the company to continue to grow in all of its businesses.

 

"On behalf of everyone at Faurecia, I would like to extend my gratitude for Mike's many contributions to the company. During his time with us, Mike has led the region through many changes and has positively impacted Faurecia's reputation in North America and internationally," said Faurecia CEO Yann Delabriere. "I also take this opportunity to welcome Mark's appointment. I know that Mark will build on his strong experience in Faurecia Emissions Control Technologies to lead the Group to the next level of performance in North America."

 

About Faurecia

 

Faurecia is the world's sixth-largest automotive supplier, with four Business Groups: Automotive Seating, Emissions Control Technologies, Interior Systems and Automotive Exteriors. In 2014, the Group posted sales of $25 billion. As of December 31, 2014, Faurecia employed 99,500 people in 34 countries at 330 sites, including 30 R&D centers. Faurecia is listed on the NYSE Euronext Paris stock exchange and trades in the U.S. over-the-counter (OTC) market.

 

In North America, Faurecia had sales of $6.2 billion in 2014. It employs more than 20,000 people at 47 locations in the U.S., Canada and Mexico.

 

Connect with Faurecia North America at www.facebook.com/faureciaNA and www.twitter.com/faureciaNA.



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