Dr Schweitzer has held the role since 1 September 2021.

The new training centre, representing an investment of more than GBP300,000 from Volvo UK, houses three fully-equipped training bays, each large enough to accommodate two trucks, alongside a classroom.

The company appointed Joe Burke as the new Vice President of its North American commercial business, succeeding Dave Beasley, who is retiring after a 40-year career with Goodyear. Burke will report directly to the president of Goodyear Americas, Steve McClellan.

The five locations which were recently added were Vanguard Truck Centers dealerships in Phoenix, Arizona; Atlanta, Georgia; Charlotte, North Carolina; and Austin and Houston, Texas.

Acting as a strategic advisor, Bolloré brings a wealth of industry expertise gained from numerous executive management roles at multiple OEMs.

The company believes this appointment will enhance its path toward using climate technology (cleantech) and provide valuable experience in the capital markets. Berkenfeld has been acting as a special advisor, to company CEO Dr Sankar Das Gupta since 2022.

Founder Mujeeb Ijaz steps down from his role as CEO to serve instead as Vice-Chairman of the board and Chief Technology Officer.

Schaeffler stated that the combination with Vitesco could realise earnings before interest and taxes (EBIT) of EUR600m per year before the end of the decade, through improved “revenue and cost synergies” achieved by combining their respective product portfolios.

Adams will remain with the company for a further six months as an advisor.

The company 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.

Sallet, who has been with the company for 35 years, will be responsible for BAE’s financial operations and will report directly to the President and CEO, Tom Arseneault.

The company has appointed Stephen Weiland as the new Chief Financial Officer (CFO), taking over from interim CFO, Jiajia Wu, who is to transition to the role of Senior Vice President of Finance and Accounting.