Recent Updates — VC
Visteon Corporation announced that Senior Vice President and Chief Financial Officer Jerome J. Rouquet will leave the company effective November 30, 2026, to pursue other opportunities. The Board of Directors has appointed current Vice President and Chief Accounting Officer Colleen E. Myers as interim Chief Financial Officer upon his departure. Myers will also serve as principal financial and accounting officer during the transition period while a search for a permanent successor is underway. Her annual base salary will increase from $286,000 to $330,000, accompanied by a monthly stipend of $25,000. The departure is not due to any disagreement with management. Visteon Corporation develops and supplies automotive electronics, including digital cockpits and advanced driver assistance systems, for global vehicle manufacturers.
Visteon reported third-quarter net sales of $970 million, a 6% increase year-over-year, with diluted earnings per share of $0.19. The company incurred $77 million in exceptional warranty charges that reduced gross margin to $47 million and adjusted EBITDA to $46 million. Management raised full-year 2026 sales guidance to $3.80–$3.85 billion, while lowering the adjusted EBITDA range to $370–$410 million and adjusted free cash flow to $90–$130 million. Visteon also completed a $200 million accelerated share repurchase program and paid a $9 million quarterly dividend. The company secured $0.9 billion in new business wins, driven by demand for display products and the launch of its SmartCore High Performance Compute system with Chery. Visteon Corporation is an automotive electronics supplier specializing in digital cockpit innovations, advanced displays, and AI-enhanced software solutions for global OEMs.
Visteon Corporation announced its second quarter 2026 financial results on July 23, 2026, reporting net sales of $960 million, net income attributable to Visteon of $49 million, and diluted earnings per share of $1.80. The company also entered into a $200 million accelerated share repurchase (ASR) agreement with Bank of America, N.A., expected to be completed by early in the fourth quarter of 2026, under its existing $800 million repurchase authorization. Visteon secured approximately $2.0 billion in new business wins during the quarter. Visteon is an automotive technology company that provides digital cockpit innovations, advanced displays, and software solutions for global OEMs.
On June 24, 2026, the Board of Directors authorized a share repurchase program to buy back up to $800 million of common stock through December 31, 2029. Visteon Corporation operates in the automotive industry and provides cockpit electronics and software solutions.
Visteon Corporation's Board of Directors approved the election of Gary D. Hicok to the Board, effective July 1, 2026. Mr. Hicok will also serve on the company's Technology Committee. As a non-employee director, he will receive an annual cash retainer and a stock unit award under the 2020 Incentive Plan, with amounts prorated for his partial year of service. Visteon Corporation is an automotive technology company.