Crain's Detroit Business: Visteon CEO Don Stebbins steps down
File photo | AnnArbor.com
The company’s current director, Timothy Leuliette, was named interim CEO, president and chairman.
The announcement comes weeks after Visteon was denied a takeover of its South Korean joint venture, Halla Climate Control Corp., which Visteon offered to acquire for $805 million, according to the report.
The Van Buren Township-based company was spun off from Ford Motor Co. in 2000. The company entered bankruptcy in May 2009 and emerged in October 2010.
Read the full Crain’s Detroit report here.