Adient PLC Announces CFO Transition and Board Changes

Adient plc announced a leadership transition. Peter H. Carlin will resign from the board of directors on October 1, 2026, and join the company as Vice President, Finance. Subsequently, he will be appointed Executive Vice President and Chief Financial Officer, effective November 16, 2026. This appointment follows the previously disclosed departure of Mark A. Oswald from the CFO position on the same date. Concurrently, the size of Adient's board of directors will be reduced to seven members. Mr. Carlin's compensation package includes a base salary of $820,000, a target bonus of 100% of his base salary for fiscal year 2027, and a target equity award of $4,250,000 for fiscal year 2027. He will also enter into a Key Executive Severance and Change of Control Agreement. Mr. Carlin has been a director since 2018 and has prior experience in finance and investment roles.