BorgWarner, Phinia is the name of the newly-announced aftermarket spin-off. Brady Ericson will be the CEO
Brady Ericson is the new President and CEO of Phinia, the proposed spin-off of BorgWarner’s Fuel Systems and Aftermarket segments. Similarly, Chris Gropp will serve as Executive Vice President and Chief Financial Officer. Phinia is expected to operate in fuel systems, starters, alternators and aftermarket distribution.
Brady Ericson is the new President and CEO of Phinia, the proposed spin-off of BorgWarner’s Fuel Systems and Aftermarket segments. Similarly, Chris Gropp will serve as Executive Vice President and Chief Financial Officer. Phinia is expected to operate in fuel systems, starters, alternators and aftermarket distribution with balanced and synergistic exposure among commercial vehicle, light vehicle, and aftermarket end markets, and to have broad regional and customer exposures. The proposed spin-off is expected to be completed in late 2023, subject to satisfaction of customary conditions.
Phinia CEO Brady Ericson’s career within BorgWarner
Ericson began his career at BorgWarner in 2000 and has served as Vice President of BorgWarner and President and General Manager of BorgWarner Fuel Systems and Aftermarket since March 2022. He has been an officer of BorgWarner since 2011 while serving as President and General Manager of three different business units and as BorgWarner’s Chief Strategy Officer.
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“I am honored and humbled to be selected to launch and lead PHINIA. We will draw upon BorgWarner’s rich 130-year history – maintaining the strong culture of product leadership, integrity and operational excellence,” said Ericson. “There is a tremendous opportunity and a bright future ahead for our talented employees, with exciting things on the horizon.”
Chris Gropp to serve as Phinia CFO
Gropp began her career at BorgWarner in 2001, serving most recently as Vice President of Finance for Fuel Systems and Aftermarket since October 2020. Over her 22 years at BorgWarner, Gropp has held positions of increasing responsibility in several BorgWarner businesses domestically and internationally, from Plant Controller and Commercial Controller to Finance Director and Vice President of Finance for three of BorgWarner’s businesses.
“We’ve delivered significant operational and segment margin improvement over the last couple of years in Fuel Systems and Aftermarket,” commented Gropp. “I’m excited for the opportunity to lead PHINIA, as part of Brady’s leadership team, and seek to continue the positive momentum and financial discipline, with the objective of setting us up for success as an independent entity.”