BorgWarner announced Brady Ericson will serve as President and CEO, and Chris Gropp will serve as Executive Vice President and CFO of the separate, publicly traded company that will result from completion of the previously announced proposed spin-off of BorgWarner’s Fuel Systems and Aftermarket segments. BorgWarner also announced that the intended company name is "Phinia Inc." The proposed spin-off is expected to be completed in late 2023, subject to satisfaction of customary conditions
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on BWA:
- BorgWarner price target raised to $58 from $53 at Deutsche Bank
- BorgWarner price target raised to $56 from $50 at Baird
- Early notable gainers among liquid option names on February 9th
- BorgWarner Reports Full Year 2022 Results Ahead of Guidance, Expects 2023 Electric Vehicle Sales of $1.5 Billion to $1.8 Billion
- BORGWARNER DECLARES QUARTERLY DIVIDEND
