#United States #Southfield #Lear Corporation #CFO succession #Jared Fedele

Lear Corporation CFO Succession Announcement

Lear Corporation, a prominent player in the global automotive technology sector, recently made a significant announcement regarding its leadership transition in the financial department. Jared Fedele has been appointed as the new Chief Financial Officer (CFO) effective March 1, 2027. This decision follows a comprehensive succession-planning process and comes as Jason Cardew, the long-serving CFO, prepares to retire after an impressive 34-year career with the company.

Transition Details

In a formal announcement made on October 19, 2026, Lear Corporation specified that Jason Cardew will continue to fulfill his responsibilities as CFO until February 28, 2027. Once he retires, he will assume a non-executive role as Executive Advisor to Lear's senior management team, where he will provide support during the transition and assist with strategic initiatives until the end of December 2027.

Ray Scott, the President and CEO of Lear Corporation, expressed gratitude for Cardew's exceptional leadership and contributions throughout his tenure. Scott noted that Cardew has been an integral partner in shaping the company's financial strategies and processes, and his leadership has been instrumental in positioning Lear for sustainable growth going forward.

About Jared Fedele

Jared Fedele, who is set to take over as CFO, brings with him extensive experience within the company, having dedicated over 23 years of his career to Lear. Prior to this appointment, he led the Global Financial Planning and Analysis team and has held various senior operational finance roles. Currently, Fedele is the Vice President of Finance for both the Seating and E-Systems divisions, where he has successfully overseen financial operations.

Fedele's experience includes significant leadership roles in Asia Pacific, particularly in China, where he played a key role in supporting Lear's expansion in the region. His deep understanding of the company's operations and financial strategies makes him well-suited for this new role. Scott underscored Fedele's preparedness and the depth of leadership talent nurtured within Lear Corporation.

Acknowledgments

In his statement, Jason Cardew expressed pride in the achievements of the financial team and his confidence in Fedele's abilities, emphasizing that Fedele has the requisite experience and judgment to lead the finance organization effectively. Cardew looks forward to ensuring a seamless transition for Fedele, indicating the strong leadership bond they’ve developed over the years.

Fedele himself expressed his honor at taking on this significant role, highlighting the multitude of opportunities that lie ahead for Lear Corporation. He emphasized the company's commitment to innovation and competitiveness, stating that he is eager to work closely with the team to drive the company's strategic priorities forward.

Conclusion

Lear Corporation stands at a pivotal point in its leadership journey. With Jared Fedele taking the helm as CFO, the company looks set to continue its legacy of excellence in the automotive sector. The transition is not just a change in leadership; it represents a continuity of vision and strategy that aims to foster both innovation and growth as Lear embraces future opportunities. As the company progresses, stakeholders will undoubtedly be looking forward to seeing how this transition influences Lear’s trajectory in the automotive landscape.

For further information about the company and its strategic direction, visit Lear Corporation.