공시 • Jan 27
Aptiv PLC Appoints Management Team for Its Electrical Distribution Systems (EDS) Business, Versigent, Effective April 1, 2026
Aptiv PLC announced key leadership appointments for its Electrical Distribution Systems (EDS) business, which will be named Versigent after its tax-free spin to shareholders targeted to be completed on April 1, 2026. The independent company is expected to trade under the ticker symbol “VGNT” on the New York Stock Exchange. Joseph Liotine has been named Chief Executive Officer of Versigent and will also serve on the company’s Board of Directors. Mr. Liotine is an accomplished senior leader in global industrial companies, including at Aptiv where he has served as Executive Vice President and President of the EDS business since 2024. Doug Ostermann has been appointed Chief Financial Officer of Versigent. Mr. Ostermannis a proven finance executive with more than 30 years of experience leading globalfinance operations across automotive and industrial businesses. Most recently, he served asChief Financial Officer at Stellantis. Joseph Liotine is a proven executive with more than two decades of leadership experience at global publicly traded companies. He brings a strong track record of guiding companies through transformation, driving operational excellence, and deepening customer relationships through innovation. His strategic acumen and operational expertise, backed by extensive experience across manufacturing, supply chain management, marketing, and sales, position him to lead Versigent as it builds on its 100-year legacy of innovation and trusted OEM partnerships. Mr. Liotine joined Aptiv in April 2024 as President, Signal and Power Solutions and is currently Executive Vice President and President, Electrical Distribution Systems at Aptiv, a position he has held since November 2024. In this role, his responsibilities include leading the execution of the EDS global strategy, with a focus on footprint optimization, operating efficiencies, and profitable revenue growth in the automotive and commercial vehicle markets. Prior to joining Aptiv, Mr. Liotine served as Chief Executive Officer at Briggs & Stratton, the world's largest producer of engines for outdoor power equipment. Previously, he spent nearly 20 years in senior executive roles at Whirlpool Corporation, most recently as President and Chief Operating Officer. Mr. Liotine began his career at PepsiCo, holding financial management roles within sales and procurement. Mr. Liotine graduated from Illinois State University with a Bachelor of Science in Finance, International Business, and Economics. He also holds a Master of Business Administration with concentrations in Marketing, Finance, and Entrepreneurship from the University of Chicago Booth School of Business. Douglas Ostermann is a highly experienced finance executive with more than 30 years of leadership in global finance, treasury, and strategy across the automotive and industrials sectors. His proven track record of driving financial results at leading global companies positions him to guide Versigent's financial organization and create long-term shareholder value. Mr. Ostermann is currently Vice President, Finance, Electrical Distribution Systems at Aptiv, a position he has held since December 2025. In this role, he oversees all financial activities for the business segment. Most recently, Mr. Ostermann served as Group Chief Financial Officer, Head of Global Financial Services and Head of Joint Ventures and M&A at Stellantis. Prior to this role, he spent three years based in Shanghai, first as Chief Financial Officer and Head of Strategy for the China Region, then as Chief Operating Officer for China. He also held senior finance leadership roles at Archer Daniels Midland Company and spent over a decade at General Motors Company in treasury, business development, and marketing roles. Mr. Ostermann holds a Bachelor of Science in Business Administration and a Master of Business Administration from the John M. Olin School of Business at Washington University in St. Louis.