Southfield’s Lear Corp. has appointed Carl Esposito as senior vice president and president of the company’s e-systems division. Esposito has experience as an aerospace industry executive with expertise in electronics, software development, and connectivity. He will join the company on Sept. 3.
Esposito will report to Ray Scott, president and CEO of Lear.
“Carl will be an outstanding president of e-systems during this time of accelerated industry growth and change,” says Scott. “He is a highly analytical and strategic technology business leader who will leverage his tremendous expertise in electronics, software, and connectivity to further enhance e-systems’ strong product platforms.
“With 30 years of deep and varied experience, Carl brings a powerful combination of robust commercial and operations skills and an extensive track record of managing for profitable growth. He is a proven executive who is well-equipped to drive improvement in e-systems’ financial performance and strengthen its global competitiveness.”
Most recently, Esposito served as president of the electronic solutions strategic business unit for Honeywell Aerospace, where he oversaw strategy, product development, and sales. Esposito led a global workforce of more than 6,500 engineers, business leaders, and program managers to serve commercial aviation and government customers with integrated electronics, software, sensors, navigation, safety, surveillance, and connectivity solutions. During his tenure, sales increased by more than $1 billion in two years.
While at Honeywell, Esposito held positions in the U.S. and Europe, including global sales and marketing, product management and strategy, program management, and engineering.
“I am excited to be joining Lear during this transformative time in the automotive industry,” says Esposito. “E-systems is well positioned to capitalize on the mega trends of electrification, connectivity, software, and data, and I look forward to working with the team to accelerate the pace of innovation and enhance long-term value creation for our customers and shareholders.”
Esposito completed his undergraduate degree in electrical engineering from Rensselaer Polytechnic Institute and holds master’s degrees in both program management and business administration from the Keller Graduate School of Management.
Lear offers seating and electrical and electronic systems for the automotive industry. It has about 161,000 employees in 39 countries.