Chassix Names Douglas DelGrosso as Chief Executive Officer

December 15, 2015 | By Business Wire News

SOUTHFIELD, Mich.

Chassix Holdings, Inc. (“Chassix” or the “Company”) the automotive industry’s largest single integrated resource for high-quality, precision chassis casting and machining solutions, today announced it has named Douglas DelGrosso as the Company’s Chief Executive Officer, effective January 4, 2016. He will also serve on the Board of Directors of the Company.

DelGrosso joins Chassix with several decades of experience as a well-respected senior executive in the automotive industry. Most recently, he served as President and CEO of Henniges Automotive, Inc., an automotive sealing and anti-vibration company previously owned by Littlejohn & Co. that was recently sold to AVIC Automotive Systems, a China based automotive supplier. He has also held positions as Vice President and General Manager of TRW Inc.’s Global Braking and Suspension Operations and as President of Lear Corporation, a leading global supplier of automotive seating systems and electrical power management systems.

“Doug comes to us with an enormous wealth of experience in our industry,” said Jonathan F. Foster, Non-Executive Chairman of the Chassix Board of Directors. “He has a superb reputation in the industry and a track record of proven results. We are fortunate to have an executive of his caliber join our team and are confident that he will lead the company very effectively.”

Mr. DelGrosso said, “I am excited to join Chassix, which plays a critical role as a key supplier of important products for automotive manufacturers. I look forward to working with the Board and management team, as well as Chassix’s dedicated employees, to capitalize further on the Company’s strengths and be an even more effective partner to our customers.”

Mr. DelGrosso earned his Bachelor of Science degree in Mechanical Engineering from Lawrence Technical University and his Masters of Business Administration from Eli Broad College of Business at Michigan State University.

Mr. DelGrosso succeeds J. Mark Allan, who, as Chief Executive Officer, led the Company through a successful financial restructuring.

Mr. Foster also said, “On behalf of the entire Chassix family, I would like to extend a heartfelt thanks to Mark, who played a central role in guiding the Company through its recent financial and operational restructuring and helping to position the Company for enhanced performance going forward. We wish him well in his future endeavors.”

Chassix retained Korn Ferry, a preeminent global people and organizational advisory firm, to advise the Chassix Board on this executive search.

About Chassix

Chassix is a $1.4 billion, privately held automotive supplier of precision casting and machining solutions. The brand was launched in 2013 following the integration of the businesses of SMW Automotive, LLC and Diversified Machine, Inc. The Company is focused on delivering high-quality, precision ductile iron and aluminum chassis component, with more than 4,500 employees in 26 locations in every key region of the world.