Automotive Supplier Joyson Safety Systems Appoints Next CEO
Guido Durrer, who led Joyson Safety Systems for more than three years after its takeover of Takata Corp., plans to retire as president and CEO on December 31.
Starting Jan. 1, the top position will be held by Tao Liu, who recently joined the Auburn Hills-based automotive supplier as deputy CEO to learn the ropes of Durrer over the next four months, announced on Wednesday. the company in a press release.
Liu joins the company as she revamps plant operations amid the COVID-19 pandemic with a focus on security and as she tries to shake Takata’s troubled reputation, which has been doomed by an airbag scandal that lasted for years. Formerly known as Key Safety Systems, Joyson is a subsidiary of the Chinese company Ningbo Joyson Electronic Corp. It bought Takata’s assets for $ 1.6 billion in 2018.
“We will be eternally grateful for the legacy Guido has carved into our entire organization, including his leadership through our corporate integration and his strong guidance during the challenges of the pandemic,” said Jeff Wang, President by Joyson, in the press release.
Durrer took over as head of the company in 2018 after 30 years in leadership roles in the automotive industry, including 10 years as CEO of ThyssenKrupp Presta AG, the auto-management subsidiary of German conglomerate ThyssenKrupp AG.
Following his retirement, Durrer will assume an advisory role in the office of the president and will continue to serve on the board of directors of the company.
Liu joins Joyson from Auburn Hills-based Nexteer Automotive where he worked for 12 years, most recently as Global President and CEO. Previously, he served for 13 years as Director of China Operations for Delphi Automotive Systems.
Joyson has implemented new operating policies in its more than 50 factories, emphasizing standardized quality and reporting practices, as well as waste reduction programs, Automotive News reported in April.
The company reported 2020 revenue of $ 4.66 billion. It employs approximately 50,000 people at 76 locations around the world, including 675 in the metro Detroit area.