Aptiv PLC has appointed Joseph Liotine as chief executive officer and Doug Ostermann as chief financial officer of Versigent, the company that will become the independent Electrical Distribution Systems (EDS) business following Aptiv’s planned tax‑free spin‑off. The leadership changes signal the final steps toward completing the spin‑off, which is targeted for April 1 2026.
Liotine, who has served as Aptiv’s Executive Vice President and President of EDS since November 2024, joined Aptiv in April 2024 as President of Signal and Power Solutions. Prior to that, he was CEO of Briggs & Stratton and held senior executive roles at Whirlpool Corporation. In his new role, Liotine will also sit on Versigent’s board of directors and will guide the company as it transitions to a standalone, publicly traded entity focused on signal, power, and data distribution solutions for automotive and commercial vehicle markets.
Ostermann, who has been Vice President of Finance for EDS since December 2025, brings more than 30 years of finance experience, including a recent tenure as CFO at Stellantis. His earlier career includes senior finance leadership positions at Archer Daniels Midland and General Motors. As CFO, Ostermann will oversee Versigent’s financial strategy, reporting, and capital allocation as the company prepares for its public listing.
Versigent will operate with engineering centers on four continents and manufacturing operations in more than 30 countries, building on a 100‑year legacy of innovation and OEM partnerships. The spin‑off allows Aptiv to concentrate on advanced software and hardware technologies—such as advanced driver assistance systems and user experience—while Versigent focuses on the growing demand for next‑generation electrical architectures driven by electric vehicle production and increasingly complex vehicle platforms.
Kevin Clark, Chair and CEO of Aptiv, said, “Joe has a proven record of successfully guiding companies through transformation and growth, and together with Doug’s extensive experience in finance and M&A, Versigent has an exceptional leadership team that is well positioned for success as an independent company.” Liotine added, “When the spin‑off is complete, Versigent will operate as a new publicly traded company with incredible talent, global scale, and industry‑leading vehicle architecture optimization capabilities.”
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