TEN - Tenneco to appoint Jeff Stafeil as CFO once sale to Apollo Global closes
- Tenneco ( NYSE: TEN ) said Monday it expects to appoint Jeff Stafeil as EVP and CFO, contingent upon the close of its sale to Apollo Global Management ( APO ) in a $7.1B deal .
- Stafeil will replace Matti Masanovich, who will step down as Tenneco's ( TEN ) CFO once the deal closes.
- Stafeil most recently served as CFO at Adient ( ADNT ), a global OE supplier of automotive seating components and systems.
- Tenneco's ( TEN ) CEO Brian Kesseler said he would leave the firm once the sale is completed. Apollo ( APO ) CEO Jim Voss is expected to replace Kesseler.
- Last week, Tenneco ( TEN ) won European antitrust approval for its sale to Apollo ( APO ).
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Tenneco to appoint Jeff Stafeil as CFO once sale to Apollo Global closes