GST Leather Exits Bankruptcy Under New Ownership


Published:

New CEO of GST AutoLeather Randy Johnson

Photo courtesy of LinkedIn

GST AutoLeather, a company specializing in automotive leather components, and its subsidiaries has exited Chapter 11 bankruptcy. The exit is effective May 22. Leading the transition is new president and CEO Randy Johnson.

GST also announced the addition of two leather industry experts: Bryn Kahrl as vice president of global operations and Scott Landis as chief human resources officer.

“We are committed to being the most competitive, innovative, and sought-after supplier to major OEMs worldwide, leveraging our strong customer service, a renewed focus on lean manufacturing and standardization, and care for our employees as we instill a customer and operationally focused leadership culture,” says Johnson.

Johnson replaces former CEO Dennis Hiller, who will stay with GST as a board advisor to assist in the transition. Before joining GST, he served as the CEO of Romeo RIM Inc., a Michigan-based composites manufacturer, and was vice president of global operations at Eagle Ottawa for 12 years. He left in 2014 before Eagle Ottawa’s sale to Lear Corp.

“GST has exited bankruptcy with a strong balance sheet and ample liquidity, talented leaders globally, and a reputation as a high-quality leather designer and manufacturer,” says Johnson. “GST is among a small group of leather suppliers that can be considered truly global in nature.”

GST is majority owned by funds managed by Black Diamond Capital Management L.L.C. 

Edit Module
Edit Module Edit Module
Edit ModuleShow Tags

Related Articles

Ascension Michigan Names New CEO

Ascension Michigan has announced that Joseph Cacchione has been appointed as CEO. He will also serve as senior vice president of Ascension Healthcare.

Southfield’s Farbman Group Hires Vice President

Southfield-based Farbman Group announced that the full-service real estate firm has hired David Baratta as vice president, with a dual role in property management and development.

Saint Joseph Mercy Health System’s Ann Arbor and Livingston Hospitals Announce New President

Saint Joseph Mercy Health System (SJMHS) announced that Bill Manns will serve as president of the health system’s Ann Arbor and Livingston hospitals.

Warner Norcross and Judd Law Firm in Southfield Adds Partner

Warner Norcross and Judd LLP’s Southfield practice, a corporate law firm, has added experienced tax and estate planning attorney William C. Lentine as a partner.

Grosse Pointe Park's IPS Realty Fills Two Director Positions

IPS Realty in Grosse Pointe Park has named Letitia Maxwell development director and Robert Graham director of acquisitions, finances, and sales.
Edit ModuleShow Tags

Most Popular

  1. Wayne State’s Graduate Supply Chain Program Ranked Among Top 25 in the Country
    Wayne State University’s graduate global supply chain management program is among the...
  2. The Corner Apartment and Retail Project at Old Tiger Stadium Site in Detroit to be Completed in February
    The former Tiger Stadium site in Detroit received the city’s first modular home drop today as...
  3. Belle Isle Conservatory to See Almost $2M in Renovations
    The Michigan Department of Natural Resources Thursday announced the Anna Scripps Whitcomb...
  4. Wayne State University in Detroit Opens $2M Athletic Performance Center
    Wayne State University in Detroit has announced the opening of its updated Athletic Performance...
  5. Universal McCann Will Open Office in Downtown Detroit to Oversee Quicken Loans’ Media Planning and Buying
    Detroit-based Quicken Loans Inc. today announced a long-term agreement with Universal McCann (UM)...
  6. Condos in Detroit’s Historic Trumbull House Now Available
    Detroit’s Trumbull House, a home built in 1897 and located at 4304 Trumbull in the Woodbridge...