Accuride Corporation appoints ex-Ford exec as interim President and CEO

Jan 9, 2019   Features

The Board of Directors of Accuride Corporation – a leading supplier of wheel end systems to the global commercial vehicle industry – has announced that it has appointed Jason Luo to serve as Interim President and Chief Executive Officer, effective immediately.

Luo was formerly Chairman and Chief Executive Officer of Ford China and, prior to that, President and Chief Executive Officer of Key Safety Systems. Luo has been a director of Accuride Corporation since March 2018 and also serves as a Senior Advisor to Crestview Partners, the majority owner of Accuride Corporation.

The appointment follows the Board's acceptance of Rick Dauch's resignation from his Accuride executive positions and as a director following his appointment as the new CEO of Delphi Technologies. The Board has begun a search to identify a permanent Chief Executive Officer for Accuride.

Thomas S. Murphy, Jr., Chairman of the Board of Directors of Accuride, stated, "Since our investment in Accuride in 2016, the company has embarked on a strategy to transform itself from a North American supplier into a global leader. Over the past two years, Accuride has more than doubled its revenues after completing two acquisitions which added substantial operations in Europe and Asia. We are excited to continue to execute on this strategy with Jason Luo as Interim CEO of the company. Crestview and Jason have worked together closely and successfully for over a decade and Accuride is fortunate to have such a talented and highly respected executive lead the company's outstanding team as we search for a permanent CEO."

Murphy continued, "We thank Rick for his contributions to Accuride and wish him well in his future endeavours."

Rick Dauch stated, "It has been my honour and privilege to lead this world-class team of talented and committed employees since 2011. Accuride today is well positioned to continue its strategic global expansion, and I have every confidence in its future success."

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