Delphi leads the change for Kevin Clarke

Delphi recently announced its latest leadership succession plan. The current CEO and President Rodney O'Neill will retired on March 1, 2015, ending his 43-year career. Effective October 1, 2014, Kevin Clarke, current CFO and executive vice president, will serve as chief operating officer and will take over as CEO and president after Mr. O'Neill retires. Mark Murphy, former president of Praxair's US Industrial Gas Division, succeeded Kevin Clarke as chief financial officer. Mr. O'Neil, 61, will continue to serve as a consultant until retirement at the end of 2015 after retirement.

Jack Kroll, Chairman of Delphi’s Board of Directors, said: “Rodney O'Neill is an outstanding CEO. Under his leadership, Delphi has successfully transformed and developed into an industry leader. The company not only complies with Chapter 11 of the Federal Bankruptcy Code. Requiring successful completion of the reorganization and re-listing in 2011 created a lot of value for shareholders.During the reign of Rodney, Delphi’s market value has more than tripled to $21 billion. We are very grateful for his outstanding contribution. And he looks forward to providing him with more support as a consultant."

"Delphi's solid strength, industry-leading product portfolio, outstanding financial performance, and outstanding leadership team will be a strong guarantee for success in the future." Rodney O'Neill said, "Kelvin has always been in the business strategy I believe that under his leadership, Delphi will continue to create great value, and for me, after 40 years of ups and downs and full of surprise careers, it is now possible to make a difference. It's up."

As chief operating officer, Kevin Clarke will continue to report to Mr. O'Neill, who will be responsible for all business areas and will be responsible for the global supply management department.

Jack Kroll added: "The selection of Kevin to replace Rodney's work reflects the board's prudence and attention to the change plan. Kevin is a very good leader with extensive experience in various industries. His extraordinary achievements in creating shareholder value are obvious to all. The board believes that Kevin is the right leader to choose and he will lead Delphi to continue to create value for shareholders."

Kevin Clarke said: "I am very honored to have been selected to replace Rodney as the next CEO and President of Delphi. Under Rodney's leadership, Delphi has created a strong execution for our customers, creating for our shareholders. The record of the value of success. We have a astute management team, have the correct strategy and implementation program, I believe we will be able to create greater glories based on the existing achievements."

Kevin Clarke, 52, joined Delphi as chief financial officer and was promoted to Delphi senior vice president in 2012 and was appointed executive vice president in 2013. Before Kevin worked in the financial department of Chrysler and Federal-Mogul, he had extensive experience in the automotive industry.

Prior to becoming President of Praxair's US Industrial Gas Division, Mark Murphy served as President of the Surface Technologies and Electronic Materials Division of Praxair. In addition, he also served as chief financial officer of MEMC Electronic Materials Co., Ltd. (now SunEdison), chief financial officer of Praxair, and Vice President of Finance of Asia Pacific of Praxair (in Shanghai). He first served as an infantry officer in the United States Marine Corps. Mark holds a master's degree in business administration from Harvard University and a bachelor's degree in business administration from Marquette University.

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