Management ChangeJul 31, 2026, 08:12 AM
BorgWarner Appoints Rajesh Kalathur to Board; Declares $0.17 Dividend
AI Summary
BorgWarner Inc. announced the appointment of Rajesh Kalathur as an independent director to its Board of Directors, increasing the board size from eight to nine members. Mr. Kalathur brings extensive global leadership experience from his previous roles as President of John Deere Financial and Chief Information Officer of Deere & Company. Concurrently, the company's Board declared a quarterly cash dividend of $0.17 per share. This dividend is scheduled for payment on September 15, 2026, to stockholders of record as of September 1, 2026.
Key Highlights
- Rajesh Kalathur appointed as an independent director to BorgWarner's Board.
- The Board size increased from eight to nine members.
- Mr. Kalathur previously served as President of John Deere Financial and CIO of Deere & Company.
- He led Deere & Company's financial services business with over $70 billion in assets.
- A quarterly cash dividend of $0.17 per share was declared.
- The dividend is payable on September 15, 2026.
- The record date for the dividend is September 1, 2026.
Price Impact
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