Delphi taps John Sheehan as vice president, CFO

By Devika Patel

Knoxville, Tenn., Oct. 3 - Delphi Corp. said it has named John Sheehan as its new vice president and chief financial officer.

Sheehan succeeds Robert Dellinger, who is leaving the company to pursue outside opportunities. Sheehan will retain oversight for Delphi's restructuring.

"We are appreciative of Bob's contributions during a critical period in our history," Delphi chief executive officer and president Rodney O'Neal said in a press release. "We wish him great success in his next assignment."

O'Neal said the appointment of Sheehan is effective immediately and will assure a smooth transition as Delphi completes the final steps in its Chapter 11 cases.

"Throughout our restructuring John has been the primary face and voice of Delphi to the financial markets, our creditors and many of our customers and suppliers," O'Neal said. "With court approval last week of significant elements of our plan, the roles of the chief restructuring officer and CFO are converging, and the time is right to combine all of the financial responsibilities of the company. John's steady leadership will assure both continuity and progress toward emergence as soon as practicable."

Sheehan will report to O'Neal and remains a member of the Delphi strategy board.

Delphi, a Troy, Mich.-based automotive electronics manufacturer, filed for bankruptcy on Oct. 8, 2005 in the U.S. Bankruptcy Court for the Southern District of New York. Its Chapter 11 case number is 05-44481.

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