Global automotive supplier Visteon has named Martin Welch III as executive vice president (EVP) and chief financial officer (CFO). Welch has held several financial management positions with both private and public companies, most recently as EVP and CFO for United Rentals.
Welch reports to Visteon chairman, chief executive officer (CEO) and president Donald Stebbins. As a member of Visteon’s global leadership team, Welch is responsible for the company’s financial operations including treasury, tax, audit and investor relations. He will also be responsible for the company’s mergers and acquisitions (M&As) and divestiture activity. Welch replaces William Quigley III, who is leaving Visteon on 31 October.
Most recently Welch was EVP and CFO for United Rentals, serving on its executive leadership team from 2005-2009. He also served as chairman of the audit committee for Delphi from 2006-2009. Earlier in his career, Welch served as CFO at both Kmart and Federal-Mogul, and held various financial positions at Chrysler.
Welch has a bachelor’s degree in accounting and an MBA from the University of Detroit Mercy and is a member of the university’s board of trustees.
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