Nexteer Automotive Group Limited Approves the Executive Changes
June 08, 2021 at 06:01 am EDT
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Nexteer Automotive Group Limited at its AGM held on June 8, 2021 announced that Mr. LEI, Zili has been duly elected as a non-Executive Director with immediate effect by the Shareholders at the AGM. LEI, Zili, aged 50, has over 25 years of relevant experience in the automotive industry. Mr. LEI serves as the director of and deputy general manager of AVIC Auto, the chairman and general manager of AVIC Hande (Beijing) Investment Holding Co. Ltd. The chairman and general manager of PCM China, the director of Nexteer Hong Kong since November 2020. From March 2013 to July 2020, he served as the executive director and general manager of AVIC Hubei Aviation Precision Machinery Technology Co. Ltd. From September 2000 to March 2013, he served successively as the deputy general manager, general manager of Hubei Aviation Precision Machinery Technology Co. Ltd. The Board announced that Mr. LIU, Ping has retired as a non-Executive Director and ceased to be a member of the Audit and Compliance Committee of the Board due to personal work adjustment with effect from the conclusion of the AGM. Mr. LIU has confirmed that he has no disagreement with the Board and there is no matter relating to his retirement that needs to be brought to the attention of the Shareholders and the Stock Exchange. The Board announced that Mr. LEI was appointed as a member of the Audit and Compliance Committee of the Board with immediate effect.
Nexteer Automotive Group Limited is an investment holding company. It is engaged in the design and manufacture of steering and driveline systems, advanced driver assistance systems (ADAS) and automated driving (AD) and components for automobile manufacturers and other automotive-related companies. Its operations are in the United States, Mexico, the Peopleâs Republic of China (China), Poland, India, Morocco and Brazil. The principal markets for its products are North America, Europe, South America, China and India. Its product line includes electric power steering & steer-by-wire, steering columns, driveline, hydraulic power steering, software and megatrend alignment. Its power steering & steer-by-wire includes Column Assist Electric Power Steering, Intermediate Shafts, Premium Eps Rack & Pinion Gears, Modular Power Packs, Single & Dual Pinion Assist EPS and others. Its steering columns include Power Tilt & Telescope, Power Rake & Telescope, Manual Rake & Telescope and others.