BorgWarner Appoints New CFO, Kevin Nowlan

Ticker: BWA · Form: 8-K · Filed: 2024-05-30T00:00:00.000Z

Sentiment: neutral

Topics: executive-appointment, cfo, leadership-change

Related Tickers: APTV

TL;DR

BorgWarner names Kevin Nowlan as new CFO, replacing Jamie Froelich who retires Aug 1.

AI Summary

BorgWarner Inc. announced on May 28, 2024, the appointment of Kevin A. Nowlan as its new Chief Financial Officer, effective June 3, 2024. Nowlan will succeed outgoing CFO, Jamie L. Froelich, who will transition to a senior advisory role until her retirement on August 1, 2024. Nowlan previously served as Executive Vice President and Chief Financial Officer at Aptiv PLC.

Why It Matters

The appointment of a new CFO can signal strategic shifts or a focus on financial performance, impacting investor confidence and the company's financial direction.

Risk Assessment

Risk Level: low — This filing reports routine executive leadership changes and does not indicate significant financial or operational risks.

Key Players & Entities

FAQ

Who is BorgWarner's new Chief Financial Officer?

Kevin A. Nowlan has been appointed as the new Chief Financial Officer of BorgWarner Inc.

When does Kevin A. Nowlan's appointment become effective?

Kevin A. Nowlan's appointment as CFO is effective June 3, 2024.

Who is the outgoing CFO, and what will be their role?

Jamie L. Froelich is the outgoing CFO and will transition to a senior advisory role until her retirement on August 1, 2024.

What was Kevin A. Nowlan's previous role?

Kevin A. Nowlan previously served as Executive Vice President and Chief Financial Officer at Aptiv PLC.

What is the date of this Form 8-K filing?

The Form 8-K filing reports events as of May 28, 2024, and was filed on May 30, 2024.

From the Filing

0000908255-24-000025.txt : 20240530 0000908255-24-000025.hdr.sgml : 20240530 20240530080123 ACCESSION NUMBER: 0000908255-24-000025 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240528 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240530 DATE AS OF CHANGE: 20240530 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BORGWARNER INC CENTRAL INDEX KEY: 0000908255 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 133404508 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12162 FILM NUMBER: 241000764 BUSINESS ADDRESS: STREET 1: 3850 HAMLIN RD. CITY: AUBURN HILLS STATE: MI ZIP: 48326 BUSINESS PHONE: 2487549200 MAIL ADDRESS: STREET 1: 3850 HAMLIN RD. CITY: AUBURN HILLS STATE: MI ZIP: 48326 FORMER COMPANY: FORMER CONFORMED NAME: BORG WARNER AUTOMOTIVE INC DATE OF NAME CHANGE: 19930628 8-K 1 bwa-20240528.htm 8-K bwa-20240528 0000908255 FALSE 0000908255 2024-05-28 2024-05-28 0000908255 us-gaap:CommonStockMember 2024-05-28 2024-05-28 0000908255 us-gaap:SeniorNotesMember bwa:SeniorNotesDueNovember2022Member 2024-05-28 2024-05-28 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 28, 2024 BORGWARNER INC. ________________________________________________ (Exact name of registrant as specified in its charter) Delaware 1-12162 13-3404508 State or other jurisdiction of Commission File No. (I.R.S. Employer Incorporation or organization   Identification No.) 3850 Hamlin Road,   Auburn Hills, Michigan   48326 (Address of principal executive offices)   (Zip Code) Registrant’s telephone number, including area code: ( 248 ) 754-9200 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.01 per share BWA New York Stock Exchange 1.00% Senior Notes due 2031 BWA31 New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 ( § 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 ( § 240.12b-2 of this chapter). Emerging growth company o   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o   Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 30, 2024, BorgWarner Inc. (the “Company”) announced the appointment of Joseph F. Fadool, currently the Company’s Vice President and President and General Manager, Emissions, Thermal and Turbo Systems, to the role of Executive Vice President of BorgWarner Inc. and Chief Operating Officer

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