Visteon Names Myers Interim CFO After Finance Chief’s November 30 Departure
Key Facts
Visteon said Jerome J. Rouquet would leave his roles as senior vice president and chief financial officer effective November 30, 2026, with Colleen E. Myers, vice president and chief accounting officer, assuming the interim CFO role upon his departure. The company said in a filing reported by Reuters via Investing.com that its board had begun a search for a permanent successor. Rouquet will work with Myers and the leadership team through his departure to facilitate the transition. The announcement marks a change in financial leadership days after the company reported third-quarter results and revised its full-year outlook, a period in which the stock declined. However, the available data do not link the stock’s decline to the departure announcement.
The company’s filing said Rouquet’s departure was not the result of any disagreement with Visteon or any matter related to its operations, policies or practices, including accounting controls and policies. The filing stated: "Mr. Rouquet’s departure is not the result of any disagreement with the company or any matter relating to the company’s operations, policies or practices, including its controls or accounting policies." Chief Executive Sachin Lawande said he thanked Rouquet for his leadership and contributions to the company over the past six years. A Reuters report said Rouquet described the departure as a difficult decision while expressing confidence in the company’s direction and strategy. The arrangements put Myers in charge of finance on an interim basis while the board searches for a permanent appointment.
The stock had declined before the departure announcement: EL7 data show the closing price fell from $84.83 on October 21 to $73.76 on October 27. On October 22, the stock fell 5.9% after the company reported third-quarter results, according to a Reuters report published via Investing.com. Visteon reported quarterly sales of $970 million, compared with $917 million in the same period a year earlier, an annual increase of 6%. The company said its customers’ vehicle production fell 5% during the quarter, but it achieved growth that exceeded the market by 10%, attributing this to the execution of product launches and strong customer demand. The stock’s decline after the results came amid quarterly performance that combined sales growth with pressure on earnings and cash flow.
On profitability, net income attributable to Visteon was $5 million in the third quarter, compared with a loss of $11 million in the same period of 2025. Adjusted earnings before interest, taxes, depreciation and amortization were $46 million, including exceptional warranty charges of $77 million. The company said those charges, along with cost pressures, affected its full-year adjusted earnings outlook range. Adjusted free cash flow in the first nine months of 2026 was an outflow of $4 million, compared with an inflow of $215 million a year earlier. The company linked its lower free cash flow outlook to inventory buildup since the start of the year.
Visteon raised its 2026 sales outlook range to $3.80–3.85 billion, but lowered its adjusted earnings before interest, taxes, depreciation and amortization range to $370–410 million and its adjusted free cash flow range to $90–130 million. The company said the new earnings range factors in the $77 million warranty charges and cost pressures, while the cash-flow range reflects inventory buildup since the start of the year. The company ended the third quarter with $466 million in cash and $330 million in debt, for net cash of $136 million. The company had announced that its investor call to discuss third-quarter results would be held on October 22 at 9 a.m. Eastern Time. Rouquet’s departure date set out in the filing, November 30, 2026, remains the focal point of the transition until a permanent CFO is appointed.