BorgWarner announces CFO succession plans
By Luke Willetts - 7th January 2024
Craig Aaron, incumbent CFO of BorgWarner
USA – CV powertrain components giant, BorgWarner Inc of Auburn Hills, Michigan, USA, has announced plans to replace its current Chief Financial Officer (CFO), Kevin Nowlan, who is retiring at the end of February, with Craig Aaron, BorgWarner’s current Vice President and Controller. After a 28-year career, Nowlan has decided to step down from his role but will remain in an advisory capacity until April 1, 2024, to ensure a smooth transition. Nowlan has been credited with the acquisition of Delphi Technologies, the creation and execution of the Charging Forward strategy and the spin-off of PHINIA.
The incumbent, Craig Aaron, joined BorgWarner in 2007 and has held several positions in accounting and finance, including Controller, Treasurer, and Vice President of Finance for BorgWarner Morse Systems. Aaron holds a Bachelor of Arts in accounting from Michigan State University and is a Certified Public Accountant in the State of Michigan.
