People: Nexteer Automotive Group Ltd (1316.HK)

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Richardson, Michael 

Mr. Michael Paul Richardson serves as President, Executive Director of Nexteer Automotive Group Limited. He is our Executive Director and President of Nexteer Automotive. He also serves on the boards of CNXMotion and Shape Corporation. He served as Senior Vice President and Chief Strategy Officer from June 2012 to June 2016 with responsibility for Nexteer’s strategic planning as well as alliances and mergers and acquisitions. He is a member of the GSC. Mr. RICHARDSON began his automotive career with General Motors in 1974 as a student at the former Saginaw Steering Gear Division. Following a range of assignments that include the supervision of skilled trades, plant, product and manufacturing engineering, he was named Staff Engineer for the halfshaft product line in 1990. Mr. RICHARDSON opened the division’s Tokyo office in 1991 as Delphi Steering initiated the export of driveline products to Toyota Japan. In 1992, Mr. RICHARDSON was named Staff Engineer for steering products. Mr. RICHARDSON launched and patented magnetic variable effort hydraulic steering. He also initiated a rapid response approach to customer prototyping and won the General Motors President’s Council Award for aftermarket product alignment and de-proliferation. In 1995, Mr. RICHARDSON was named Regional Director of Engineering and Production Control and Logistics, based in Paris, France. He returned to the US in 1999 as Chief Engineer of HPS and QUADRASTEERTM. He was named Chief Technology Officer (CTO) for Delphi Steering in 2001. This period brought specific focus to EPS and a radical transformation of enabling product and process technologies. Mr. RICHARDSON was inducted into the Delphi Inventors Hall of Fame for lifetime innovation in 2004. In 2006, Mr. RICHARDSON was named Regional Director Asia-Pacific and relocated to Shanghai, China. He remained CTO while based in Asia. During this period, all regional sites were separated from Delphi Automotive in preparation for a global business sale of Nexteer.

Basic Compensation

Total Annual Compensation, USD 1,135,000
Restricted Stock Award, USD --
Long-Term Incentive Plans, USD --
All Other, USD 138,000
Fiscal Year Total, USD 1,273,000

Options Compensation

  Quantity Market Value
Exercisable -- --
Unexercisable -- --
Exercised -- --