Hayes Lemmerz Names Yost Executive Vice President
Hayes Lemmerz International has promoted vice president, finance and chief financial officer to the position of executive vice president and chief financial officer. Along with gaining the world “executive” to his title Mr. Yost is responsible for the company’s global finance and information technology functions, and will continue to report to Curtis J. Clawson, president, chief executive officer and chairman of the board.
The global wheel and automotive component manufacturer states that Mr. Yost has strengthened the company’s finance team and enhanced internal accounting controls across the Company. Furthermore, Hayes Lemmerz gives Mr. Yost much credit for the success of the recent equity rights offering and debt refinancing, which raised new equity, retired high cost debt, and strengthened the company’s balance sheet.
“Jim is a key member of the Hayes Lemmerz leadership team and has had significant influence on the strategic and financial direction of the company. He also led the recent share rights offering and debt refinancing which bolstered our financial position,” stated Mr. Clawson. “We are very pleased to announce his promotion to executive vice president and CFO, and will continue to rely on his expertise and leadership as we guide our company into its next phase of growth.”
Mr. Yost joined Hayes Lemmerz in July 2002, after retiring from Ford the previous year.