Garrett Motion Announces Retirement of Steven Tesoriere from Board of Directors
Key Highlights
- ➤Steven Tesoriere resigned from Garrett Motion’s Board of Directors.
- ➤Tesoriere previously chaired Garrett’s Finance and Nominating and Governance Committees.
- ➤Tesoriere served as an Oaktree-designee director since April 2021.
- ➤Garrett Chairman Daniel Ninivaggi credited Tesoriere with financial success and diversification initiatives.
Expert Statements
Daniel Ninivaggi, Chairman of the Board of Garrett Motion
“On behalf of the Board, I would like to thank Steve for his valuable contributions during his tenure. Steve has been instrumental to Garrett’s financial success, diversification initiatives and long-term shareholder value creation. We are grateful for his service and wish him all the best.”
Steven Tesoriere, Managing Director and Portfolio Manager at Oaktree
“It has been a privilege to work with Garrett’s management and Board, and I am grateful for the strong partnership we have built. I am proud of the strategic foundation we established to support Garrett’s long-term success and drive shareholder value, and I am confident in the Company’s future.”
PLYMOUTH, Mich. and ROLLE, Switzerland, Oct. 28, 2026 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) ("Garrett" or the "Company"), a global leader in differentiated turbocharging and electrification technologies for automotive and industrial applications, today announced that Steven Tesoriere has resigned from its Board of Directors. In addition to his Board service, Mr. Tesoriere served on the Talent Management and Compensation Committee of the Board until his resignation.
Mr. Tesoriere joined the Board in April 2021 as a designee of funds affiliated with Oaktree Capital Management, L.P. (“Oaktree”) under the terms of the Company’s Series A Investor Rights Agreement. He previously chaired the Finance Committee and the Nominating and Governance Committee.
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