Delphi Chairman John Krol To Retire On March 1; Rajiv Gupta Named New Chairman

(RTTNews) - Delphi Automotive PLC (DLPH) said that John Krol, chairman of the board of directors will retire as chairman on March 1, and will be replaced by board member, Rajiv Gupta.

Krol will remain on the board until Delphi's annual general shareholders meeting on April 23 and will not seek re-election.

Also effective March 1, Gupta will join the board's nominating and governance committee as chairman and will step down as chairman of the compensation and human resources committee. Current board and committee member Randall MacDonald will succeed Gupta as chairman of the compensation and human resources committee, the company stated.

Also, the board of directors elected Kevin Clark to serve on the board, effective March 1, in conjunction with his previously announced appointment as Delphi president and chief executive officer. As previously disclosed, O'Neal, 61, will retire from the company and its board of directors on that date.

Additionally on March 1, Timothy Manganello former chief executive officer of BorgWarner Inc, will join Delphi's board of directors, the company added.