Marelli, Dinesh Paliwal is one of the partner of the fund and is president of the company. There is a plan for new staff cuts in sight
Turning to the top of Magneti Marelli, a company specializing in the supply of high-tech products and systems for the automotive industry: Kkr he put one of his partners on track to manage the Marelli Corp, a company born from the union of the former Magneti Marelli, sold by Fiat Chrysler Automobiles to the US fund, with the Japan Calsonic Kansei, which was already in Kkr’s wallet. According to the international news agency Bloomberg the CEO of Marelli, Bede Bolzenius, intends to resign as part of a maneuver that also includes job cuts and of costs of the car components group.
Dinesh Paliwal, one of the partner of Kkr And former executive chairman of Marelli, is ready to take the guide of the company although it is unclear whether he will then retain the role in the long term. Bolzenius had been appointed CEO in 2018, about a year before that Kkr gave way to the group born from the integration of Magneti Marelli with Calsonic Kansei. Just three months after the launch of a renovation, he writes Bloomberg, Marelli could double i planned job cuts to more than 3,000 and close some offices. The plants in Japan, Italy and France but the plans are fluid and subject to change. The company employs approximately 58,000 people and operates 170 plants around the world.
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