As a managing director, Fred is a leading expert in the automotive industry with unparalleled experience and senior executive level leadership responsibilities at both the original equipment manufacturers and with the supply base.
Fred has over 40 years of significant experience providing senior leadership, advisory, and business development services for companies in the automotive industry. Prior to his current role at the firm, Fred was a senior executive consultant responsible for evaluating potential automotive acquisitions for Apollo Management LLC and additionally for Wynnchurch Capital. He has also served in numerous executive roles throughout his tenure with Venture Companies Worldwide, New Venture Gear Inc., Textron Inc., Acustar, Inc., the Chrysler components manufacturing subsidiary, and Chrysler Corporation.
Prior to that, Fred was vice chairman for Venture Companies Worldwide where he led all business development activities and customer marketing efforts for the company. As a leading expert in the automotive industry, Fred has significant interaction with senior executives and board members on various financial and operational issues and has been the lead advisor and interim CEO in several major automotive operational and due diligence assignments as well as the director of purchasing for Mopar (FCA’s aftermarket and service parts organization).
Education and Certifications
- Master of Business Administration, Wayne State University
- Bachelor of Arts, Michigan State University
Restructuring and Bankruptcy Challenges in the Automotive Sector
Many large supplier balance sheets remain strong but there are numerous uncertainties, including trade policies, commodity prices, interest rates, capital expenditures, and the sales success of many new vehicles launched in the past 12 months.
The Crystal Ball Is Cloudy
While the intent of pursuing equitable trade policies, practices, and rules with major US trading partners is a good thing, the tariff wars that have erupted have far reaching implications across the economy, most notably the global auto industry.
The Yellow Lights Are Blinking
The automotive industry is fluctuating during uncertain times.