Marelli Appoints Laurent Favre as CEO to Lead Post-Chapter 11 Transformation
Automotive technology supplier Marelli has appointed Laurent Favre as its new Chief Executive Officer, effective immediately. Favre succeeds interim CEO Frederick "Fritz" Henderson and is tasked with leading the company through its emergence from Chapter 11 bankruptcy restructuring. In a related leadership move, the Ad Hoc Group of Lenders announced plans to appoint Bram Schot as Chair of the Board once the restructuring conditions are met. Schot, the former CEO of Audi, will support the executive team in executing strategic priorities and driving long-term growth following the company's financial reorganization.