International Automotive Components Group, a global automotive and mobility supplier in lightweight and new material interior solutions with its North American headquarters in Southfield, has announced David Prystash, CFO, as the next CEO and member of its board of directors effective Jan. 1, 2021.
Manfred Gingl will remain CEO through the rest of the year and will continue to serve as executive chairman of the board after the transition. Kevin Graham, vice president of finance, will become CFO.
“With David at the helm, our deep leadership team bench is well positioned to continue the positive momentum IAC has seen over the last year,” says Gingl. “David has a proven track record at IAC and extensive experience running businesses globally. David has been pivotal in the company’s turnaround and in ensuring customers view us as a preferred partner, and I am excited to continue working closely with David and supporting success as executive chairman of the board.”
Before joining International is November 2018, Prystash held leadership positions at General Motors Co. including vice president and CFO of global product development, purchasing, and supply chain. In this position, he helped negotiate the sale of Opel/Vauxhall to Peugeot and achieve $6.5 billion of cost reductions over a four-year period.
Prior to that, he served as CFO of global manufacturing and labor relations at GM. Before his time at GM, he held executive leadership roles including CEO and CFO outside of the auto industry following a 24-year career at Ford Motor Co., where he held senior financial and operational posts including assignments in Asia and South America.
“Since joining IAC, I have been impressed by the company’s unmatched manufacturing expertise and leading technology in a vital space within the industry,” Prystash says. “I thank the board of directors for their confidence and trust in appointing me to this role at a time of such tremendous potential for the company and look forward to continuing to benefit from Manfred’s expertise as we continue the positive trajectory at IAC.”
Since joining International in March 2019, Graham has led cost saving and restructuring initiatives. He previously held leadership roles at GM in finance and supply chain.
Gingl will focus on customer engagement and development in Europe and will spearhead technology advancements to redefine vehicle interiors.
International is based in Luxembourg.