Korn Ferry Lands CEO for Chassix Holdings
February 2, 2016 – Korn Ferry has placed Douglas DelGrosso as chief executive officer of Chassix Holdings. He succeeds J. Mark Allan, who, as CEO, led the company through a successful financial restructuring.
Mr. DelGrosso joins Chassix with several decades of experience as a well-respected senior executive in the automotive industry. Most recently, he served as president and CEO of Henniges Automotive, an automotive sealing and anti-vibration company previously owned by Littlejohn & Co.; the company was recently sold to AVIC Automotive Systems. He has also held positions as VP and general manager of TRW Inc.’s global braking and suspension operations and as president of Lear Corporation, a global supplier of automotive seating systems and electrical power management systems.
“Doug comes to us with an enormous wealth of experience in our industry,” said Jonathan F. Foster, non-executive chairman of the Chassix board of directors. “He has a superb reputation in the industry and a track record of proven results. We are fortunate to have an executive of his caliber join our team and are confident that he will lead the company very effectively.”
Chassix is a $1.4 billion, privately-held automotive supplier of precision casting and machining solutions. The brand was launched in 2013 following the integration of the businesses of SMW Automotive, LLC and Diversified Machine. The company is focused on delivering high-quality, precision ductile iron and aluminum chassis component, with more than 4,500 employees in 26 locations in every key region of the world.
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Korn Ferry’s automotive practice offers a full range of solutions designed to address automotive leadership talent needs — strategic search; competency-based assessments; leadership development programs; one-on-one coaching; strategic talent design; and succession planning.
Bradford Marion leads the firm’s practice as global automotive sector leader. With more than 25 years of executive search experience, he has conducted over 500 senior level assignments. His automotive industry experience includes extensive work with General Motors, Ford Motor Company, Chrysler and other OEMs. He has helped rebuild the boards at Delphi, Visteon, Cooper Standard Automotive, Dura Automotive, and has conducted board work at Ford Motor Company, and Navistar, among others.
Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media
