"John has been an outstanding leader in the transformation of Delphi," said CEO and President Rodney O'Neal. "Through an extremely difficult period for our company and our industry, John has been a tenacious and steadfast advocate for us with the financial community, assuring that we had adequate funding to operate and meet our commitments to our customers. His leadership of our restructuring process has earned him the respect of our employees, customers and suppliers. While we will miss his guidance, work ethic, and leadership of the financial team at Delphi, we wish him the very best in new endeavors."
Sheehan, 49, joined Delphi in 2002 as chief accounting officer and controller. In March 2005, he was named acting chief financial officer overseeing Delphi's treasury, tax, mergers and acquisitions, internal and external reporting, internal control, budgeting, forecasting and financial planning and analysis. He was named vice president and chief restructuring officer, chief accounting officer and controller in October 2005 and became CFO in October 2008.
Delphi has initiated an outside search for Sheehan's successor. Upon Sheehan's departure, Keith Stipp, currently Treasurer of the company, will serve as acting CFO until the position is filled.
Delphi Automotive LLP is a leading global supplier of electronics and other technology for autos, commercial and other vehicles. Delphi Automotive LLP was created in October 2009 when a group of private investors purchased assets from the former Delphi Corporation. Delphi has more than 100,000 employees at 270 locations and 24 engineering centers in 32 countries. More information regarding the company can be found at www.delphi.com.
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