- Push-out Score determined
- After about seven years in the position
- Accolades, praise and thanks for Sullivan
- Jeff Cote taking over
- Sullivan said 101 words
(exechange) — Swindon, United Kingdom, January 23, 2020 — Martha Sullivan, chief executive of Sensata, leaves. As announced by Sensata Technologies Holding Plc in a news release on Thursday, January 23, 2020, Martha Sullivan leaves her post as chief executive officer at the industrial technology company after about seven years in the role, effective March 1, 2020.
Martha Sullivan’s duties as CEO will be taken over by Jeffrey (Jeff) Cote, currently President and Chief Operating Officer of Sensata Technologies Holding Plc.
“Planned succession”
Martha Sullivan’s departure from the CEO post is explained as follows. Sensata said: “Today’s appointment will provide a smooth transition of management responsibility and strategic execution and is part of a planned succession process following Cote’s appointment as President in January 2019.”
Precise information regarding Martha Sullivan’s future plans was not immediately available.
“Retire”
Sensata said: “Jeffrey Cote, currently President and Chief Operating Officer, will succeed Martha Sullivan as Chief Executive Officer, effective March 1, 2020.”
Sensata further said: “Sullivan decided to retire from Sensata Technologies after seven years as CEO and a distinguished 35-year career with Sensata and its predecessor company.”
Share price increase since January 2013
The announcement follows an increase in Sensata Technologies Holding Plc’s share price of 54% since January 2013.
Chaired by Andrew C. Teich
Sensata Technologies Holding Plc is chaired by Andrew C. Teich.
Teich has served as a director of the Company since May 2014. In June 2017, after 33 years with the company, Teich retired as the President and Chief Executive Officer of FLIR Systems, Inc., a position he had held since 2013.
In the position of CEO since 2013
Martha Sullivan became CEO of the Company in 2013.
She will continue to serve in an advisory role and will remain on the Board of Directors, providing strategic advice and focusing on innovation.
Sullivan has served as a director of the Company since January 1, 2013.
Sullivan has served as the Company’s Chief Executive Officer since January 1, 2013, as the Company’s President from September 2010 until January 2019, and was also the Company’s Chief Operating Officer from September 2010 until July 2012.
Sullivan was Executive Vice President and Chief Operating Officer from March 2010 through September 2010.
Sullivan served in the same capacities with STI from January 2007 through March 2010 and as Chief Operating Officer of STI from April 2006 through January 2007.
Prior to April 2006, Sullivan served as Sensor Products Manager for the Sensors & Controls business of Texas Instruments (Sensata’s preceding business unit) beginning in June 1997 and as a Vice President of Texas Instruments beginning in 1998.
Sullivan joined Texas Instruments in 1984 and held various engineering and management positions, including Automotive Marketing Manager, North American Automotive General Manager, and Automotive Sensors and Controls Global Business Unit Manager.
Sullivan has been a director of Avery Dennison Corporation, an adhesive manufacturing company, since 2013.
Past and present external positions also include the Key Executive Council at Rensselaer Polytechnic Institute, President’s Alumni Council at Michigan Technological University, and Ford International Supplier Advisory Council.
She has been inducted into the Academy of Mechanical Engineering at Michigan Technological University and holds an Honorary Doctorate in Philosophy from that institution.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.
exechange reached out to Sensata and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 4.2020 ($).