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Marelli confirms Favre as CEO, eyes Schot as chairman after restructuring

By Reuters News

ROME, Nov 5 (Reuters) - Italo-Japanese auto parts supplier Marelli on Thursday confirmed the appointment of Laurent Favre as CEO with immediate effect, and said Bram Schot would be appointed chairman once the company completes its restructuring.

  • Marelli is going through restructuring after filing for Chapter 11 bankruptcy protection in the United States in 2025

  • Favre succeeds Frederick "Fritz" Henderson, who is stepping down from his role as interim CEO, the company said in a statement

  • Favre's appointment follows an announcement made in April by Marelli's Ad Hoc Group of lenders

  • Schot spent more than three decades in senior roles including at Mercedes-Benz MBGn.DE and Volkswagen Group VOWG.DE, most recently serving as CEO of Audi

  • Marelli was established in 2019 through the merger of Italy's Magneti Marelli and Japan's Calsonic Kansei

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