VISTEON CORP

Visteon Corporation announced that its Board of Directors authorized a new share repurchase program of up to $800 million of common stock. The program is set to expire on December 31, 2029, and will be funded by available cash and future cash flow. President and CEO Sachin Lawande stated that the program reflects the company's financial strength and commitment to delivering shareholder value, as well as the board's confidence in Visteon's strategy.

Visteon Corporation announced the appointment of Gary D. Hicok to its Board of Directors, effective July 1, 2026. Mr. Hicok, a technology leader with extensive experience in semiconductors, artificial intelligence, and automotive, will also serve on the Technology Committee. His background includes nearly 25 years at NVIDIA, where he led the Automotive business and played a key role in developing AI-driven platforms and robotics systems. The company expects his expertise to provide valuable perspective for its software-defined vehicles and next-generation cockpit solutions.

Visteon Corp. held its annual meeting on June 11, 2026, where stockholders elected all eight director nominees to serve for a one-year term. Shareholders also ratified the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for fiscal year 2026 and approved the company's executive compensation. Following the meeting, the Board of Directors re-appointed Francis M. Scricco as the non-executive Chairman of the Board.

VISTEON CORP announced its 2026 Annual Meeting of Stockholders will be held on June 11, 2026, to vote on the election of eight director nominees, the ratification of Deloitte & Touche LLP as the independent auditor for 2026, and an advisory approval of executive compensation. The company reported 2025 Net Sales of $3,768M and Adjusted EBITDA of $492M. VISTEON also highlighted strong corporate governance, with an 89% independent board, and detailed 2030 environmental goals towards carbon neutrality by 2040.

Visteon Corporation reported its first-quarter 2026 financial results, showing an increase in net sales to $954 million, up from $934 million in the prior year. However, the company's gross margin declined significantly to $113 million from $138 million in the same period last year. This decrease was primarily driven by higher cost of sales and the inclusion of $18 million in restructuring charges during the quarter.

Visteon reported solid first-quarter 2026 financial results, with sales reaching $954 million, a 2% increase year-over-year, and net income of $31 million. The company achieved 3% growth-over-market despite industry production declines and reaffirmed its full-year guidance. Visteon also secured $1.0 billion in new business wins, including a SmartCore HPC win in China, and returned $40 million to shareholders.