BorgWarner Inc. has announced a succession plan whereby Joseph Fadool, BorgWarner’s executive vice president and chief operating officer, has been appointed president and chief executive officer and a member of BorgWarner’s board of directors effective Feb. 7, 2025.
At that time, Frédéric Lissalde will retire from his role as president and CEO and step down from the board of directors. To support a seamless transition, Lissalde will serve in an advisory role until Aug. 30, 2025.
“As CEO, Lissalde has reshaped our portfolio and set BorgWarner on a path to lead the world’s energy transition to electrified vehicles. He has been an exceptional leader and embodies our beliefs, values and innovative culture,” said Alexis P. Michas, non-executive chairman of the board of directors. “Fadool has an incredibly deep understanding of our industry, technology focused product portfolio, operations, culture and strong customer relationships. This makes Joe very well prepared to lead BorgWarner to achieve new levels of success and value creation for our stakeholders.”
Fadool said, “Fred has been an incredible mentor to me, and I am honored to be appointed the next CEO of BorgWarner. Over the last 14 years, I have worked closely with BorgWarner’s talented workforce and our customers to solve the world’s propulsion problems in new and innovative ways. As we look to capture growth opportunities ahead, we will stay focused on enhancing our strong product portfolio, efficiently managing our costs to stay competitive and supporting our dynamic teams around the globe to deliver value to our customers.”
