AUBURN HILLS, Mich.—Larry Williams, chief financial officer of Henniges Automotive Inc., became interim CEO of the company Jan. 4, according to officials with the automotive sealing supplier.
Williams succeeds Douglas DelGrosso, who left the firm to become the top executive at Chassix Holdings Inc., a manufacturer of precision casting and machining solutions, including precision ductile iron and aluminum chassis components.
Chassix confirmed its appointment of DelGrosso in a Dec. 15 news release. DelGrosso and Boris Gavric, vice president of global sales and marketing, confirmed Williams' appointment.
“Larry's been with the company for 15-plus years, and he's been through a number of these transitions,” DelGrosso said. “He's a pretty seasoned guy—he's been in the automotive space for 20-plus years. He's been able to couple his strong financial background with a very thorough knowledge of the business. He understands sealing, anti-vibration and he has global experience. I think he's extremely well liked and respected within the company, and he's a guy who operates with a high level of integrity.”
According to Henniges' website, Williams joined the firm in 2003 with responsibilities for its global finance audit, purchasing and information technology functions. He was promoted to CFO in 2007 and served as interim CEO of the company from November 2011 until DelGrosso's appointment in 2012.
Prior to joining Henniges, Williams was director of finance for GDX Automotive North America and Europe, and has more than 26 years of industry experience, also holding positions with Smiths Group P.L.C., Borg Warner Automotive and Federal-Mogul Corp.
Gavric said that Henniges owner AVIC Automotive Systems will not conduct a search for another CEO at this time.
“Larry is a very seasoned executive,” Gavric said. “He knows sealing inside and out, he knows our company very well and I'm fully confident that he will be the CEO long term.”