- After around ten years on the job
- Laud and praise for Sherrill
- Sherrill will remain as executive chairman at Tenneco
(management-change.com) — Lake Forest, Illinois, February 02, 2017 — Gregg Sherrill, chief executive of Tenneco, hands over the reins. As announced by Tenneco Inc. in a news release and in a regulatory filing published on Thursday, February 02, 2017, Gregg Sherrill leaves the post as chief executive officer at the supplier of replacement parts after around ten years on the job, effective May 17, 2017.
It is the end of an era.
Sherrill’s duties are taken over by Brian Kesseler, currently chief operating officer at Tenneco Inc.
Sherrill will remain as executive chairman at Tenneco
Sherrill will continue his tenure with Tenneco as executive chairman. These changes are effective May 17, 2017, concurrent with the company’s annual meeting of stockholders.
Share price rise since March 2009
The change follows a rise in the share price of Tenneco Inc. since March 2009.
On the job as CEO since 2007
Gregg Sherrill has been serving as chairman and CEO since January 2007.
Prior to joining Tenneco in January 2007, Sherrill held leadership positions with Johnson Controls, Inc., a global automotive equipment and systems supplier.
He joined Johnson Controls in 1998 and served most recently as president of the power solutions group, the company’s global automotive battery business, which includes both OE and aftermarket businesses.
Sherrill assumed leadership of the global battery business in 2003. Revenues grew to $3.5 billion during his tenure, and manufacturing operations expanded in North America and Europe. In addition, the business established a presence in Asia with operations in China and Korea.
Previously, he was group vice president and managing director of Europe, South Africa and South America for the automotive systems group, which produces seating and interiors for original equipment manufacturers.
While with Johnson Controls, Sherrill also served as vice president and general manager for the company’s North American automotive operations.
In addition to extensive experience in the automotive supply industry, Sherrill’s background includes 22 years with Ford Motor Company. During his career with Ford, he held a broad range of engineering and manufacturing positions including managing the Dearborn, Michigan engine plant and serving in the global chassis operations as chief engineer for steering systems.
Sherrill holds a B.S. degree in mechanical engineering from Texas A&M University and an MBA from Indiana University’s Graduate School of Business.
He serves on the board of directors of Snap-on Incorporated and is the chairman of the board of the National Association of Manufacturers.
He also is a member of Business Roundtable.
Read the full story in the management-change.com report 06.2017 ($).