Aptiv Names Joseph Liotine as CEO, Doug Ostermann as CFO of Planned Versigent Spinoff
MT Newswires Live
Jan 27
Aptiv (APTV) said Tuesday the spinoff of its electrical distribution systems business will be named Versigent.
The company said it appointed Joseph Liotine as chief executive officer and Doug Ostermann as chief financial officer of Versigent. Liotine has served as president of the EDS business since 2024 while Ostermann most recently worked as CFO at Stellantis (STLA), according to Aptiv.
The spinoff is expected to be completed on April 1, and the new independent company is anticipated to trade under the ticker symbol "VGNT" on the New York Stock Exchange, Aptiv said.
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