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Peter Carlin steps down from Adient board of directors, joins company as CFO on Nov. 16, 2026. MWN-AI** Summary. Peter Carlin is set to transition from his role as a board member to an executive position at Adient, a leading global automotive seating company. Effective October 1, 2026, Carlin will step down from the board of directors and assume the position of vice president of finance, prior to his official appointment as executive vice president and chief financial officer (CFO) on November 16, 2026. His new role comes in the wake of Mark Oswald's departure from Adient as CFO. Frederick A. Henderson, chair of the board, acknowledged Carlin's valuable insights and contributions during his tenure on the board since 2018. He emphasized the importance of Carlin's guidance to both the management team and fellow board members, expressing gratitude for his ongoing commitment to Adient. Jerome Dorlack, Adient's president and CEO, also highlighted Carlin's expertise, recognizing both Carlin and Oswald for their significant contributions in fostering strong customer relationships and operational excellence. He expressed optimism about Carlin joining the management team, aiming to build upon the company's positive momentum and advance its strategic goals. Following Carlin's resignation from the board, Adient's board will decrease in size to seven directors. As a significant player in the automotive industry, Adient operates approximately 200 manufacturing and assembly plants worldwide, employing over 65,000 individuals across 29 countries. The company is dedicated to producing high-quality automotive seating solutions, from total seating systems to individual components, serving all major original equipment manufacturers (OEMs). For further information, visit Adient's website at www.adient.com. MWN-AI** Analysis. Peter Carlin's transition from the board of directors to the Chief Financial Officer (CFO) at Adient (NYSE: ADNT) marks a significant strategic move for the company. As he prepares to take office on November 16, 2026, it is essential for investors to analyze the implications of this leadership change within the context of Adient's ongoing operations and market position. Carlin's extensive experience on Adient's board since 2018 provides him with an impressive understanding of the company's strategic goals and operational landscape. By stepping down from the board, he is poised to focus directly on financial operations, potentially aligning financial strategy with broader organizational objectives. Given his background, investors may anticipate a more agile financial response to market demands, particularly in the competitive automotive seating sector. Additionally, Carlin's leadership will be critical as Adient navigates changes in the automotive industry, including shifts towards electric vehicles (EVs) and evolving consumer preferences. The company's ability to adapt to these trends will likely hinge on not only innovative product offerings but also effective financial management to sustain growth. Investors should also note that the reduction of the board size to seven members may indicate a streamlined decision-making process, which can enhance agility. This move often reflects an intention to create a more cohesive strategy and may bolster investor confidence. In summary, while the transition may present short-term uncertainty, especially with the departure of former CFO Mark Oswald, Carlin's appointment could signal a positive shift. Investors should monitor Adient's financial performance closely in the upcoming quarters, focusing on revenue growth and profitability, particularly as Carlin implements his strategic vision as CFO. Considering current market dynamics and Adient's leadership changes, a cautious but optimistic approach is advisable. **MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release. September 18, 2026 06:45:00 am PR Newswire PLYMOUTH, Mich., Sept. 18, 2026 /PRNewswire/ - Adient (NYSE: ADNT), a global leader in automotive seating, today announced that on Oct. 1, 2026, Peter Carlin will be stepping down from Adient's board of directors and joining the company initially as vice president, finance. He will then be appointed executive vice president and chief financial officer of Adient, effective Nov. 16, 2026. Carlin's appointment follows Mark Oswald's departure from Adient as its executive vice president and chief financial officer, also effective Nov. 16, 2026. "Peter has served on our Board since 2018, providing valuable insights and counsel to the management team and his colleagues on the board," said Frederick A. Henderson, chair of the board of Adient. "On behalf of the leadership team and board, we thank Peter for his significant contributions to Adient to date and look forward to continuing to work with him in his new executive officer role." "I want to thank and recognize both Peter and Mark for their contributions to Adient over the years. Their efforts with the board and leadership team have helped to steward the company's legacy of strong customer relationships and operational excellence. I look forward to welcoming Peter to our management team as we build on the company's positive momentum and continue to drive the business forward," said Jerome Dorlack, Adient's president and chief executive officer. Adient's board has taken action to reduce the size of the board to seven directors, effective as of Carlin's resignation on Oct. 1, 2026. About Adient: Adient (NYSE: ADNT) is a global leader in automotive seating. With more than 65,000 employees in 29 countries, Adient operates ~200 manufacturing/assembly plants worldwide. Market Wire News produce and deliver automotive seating for all major OEMs. From complete seating systems to individual components, its expertise spans every step of the automotive seat-making process. Market Wire News take its products from research and design to engineering and manufacturing - and into millions of vehicles every year. For more information, please visit www.adient.com. SOURCE Adient FAQ**. How might Peter Carlin's transition from board member to CFO impact Adient plc ADNT's financial strategy and operational decisions moving forward? Peter Carlin's transition from board member to CFO could enhance Adient plc's financial strategy and operational decisions by leveraging his board experience to drive innovative financial practices and foster a stronger alignment between strategic goals and financial management. What are the key challenges Adient plc ADNT may face during this leadership change, especially with the departure of former CFO Mark Oswald? Key challenges Adient plc may face during this leadership change include potential disruptions in financial strategy, loss of institutional knowledge with Mark Oswald's departure, and the necessity to maintain investor confidence amid adjustments in the executive team. How does Adient plc ADNT plan to leverage Peter Carlin's previous board experience to enhance its financial performance and stakeholder relationships? Adient plc plans to leverage Peter Carlin's extensive board experience to optimize financial strategies and strengthen stakeholder engagement, driving enhanced operational efficiencies and improved performance in the competitive automotive seating market. With the reduction of the board size to seven members, what governance improvements does Adient plc ADNT anticipate as a result of this change? Adient plc anticipates improved decision-making efficiency, enhanced accountability, and a more agile response to challenges through a streamlined board size of seven members. **MWN-AI FAQ is based on asking OpenAI questions about Adient plc (NYSE: ADNT).

Adient named Lunch Sponsor for the 2026 NVBDC National Conference. Supporting the conversations that can lead to opportunity at Mission: POSSIBLE in Detroit Adient's sponsorship of the conference luncheon reflects the importance of creating space for meaningful conversation and connection" - Elaine Taylor, NVBDC Executive Director TROY, MI, UNITED STATES, August 24, 2026 / EINPresswire.com / - National Veteran Business Development Council (NVBDC) is proud to welcome Adient as the Lunch Sponsor for the 2026 NVBDC National Conference, October 4-6 at MotorCity Casino Hotel in Detroit, Michigan. This year's conference, themed Mission: POSSIBLE, will bring together certified veteran-owned businesses, corporate supplier procurement professionals, procurement leaders, and resource partners for three days of relationship-building, education, and business opportunity. A conference lunch is more than a break in the schedule. It is a chance to continue a conversation started in the Exhibit Hall, sit down with a new connection after a breakout session, or make an introduction that could lead to a future partnership. "Adient's sponsorship of the conference luncheon reflects the importance of creating space for meaningful conversation and connection," said Elaine M. Taylor, Executive Director of NVBDC. "Some of the most valuable business relationships begin with a conversation. We appreciate Adient's support in helping bring veteran-owned businesses and corporate leaders together." As a global leader in automotive seating, Adient brings innovation, quality, engineering, and manufacturing expertise to the mobility industry. Its support of the NVBDC National Conference demonstrates the value of engaging diverse, capable suppliers and creating opportunities for veteran-owned businesses to connect with corporate America. For certified Service-Disabled and Veteran-Owned Businesses, the luncheon is an opportunity to be intentional. Bring your elevator pitch. Have your capability statement ready. Be prepared to explain the problem your company solves and the value you bring to a potential customer or partner. The best conversations are rarely about making a hard sell. They are about making a genuine connection, learning what a corporation needs, and opening the door to the next conversation. The 2026 NVBDC National Conference will also include one-on-one matchmaking, corporate networking, educational breakout sessions, procurement insights, the Veteran Marketplace, and opportunities to engage directly with corporate decision-makers. Join Military Industry Today in Detroit and be part of the conversations, connections, and opportunities that make the mission possible. October 4-6, 2026 MotorCity Casino Hotel Detroit, Michigan Paul Edelstein National Veteran Business Development Council +1 248-747-2392 email Military Industry Today here Visit Military Industry Today on social media: LinkedIn Instagram Facebook TikTok Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. Military Industry Today do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Post-Montgomery broker liability and what the Fifth Circuit's Crane decision means for the transportation industry. LinkedIn Facebook X Less than three months after the U.S. Supreme Court opened the door to state-law negligent-selection claims against freight brokers, the U.S. Court of Appeals for the Fifth Circuit has provided an early look at how litigation may play out in the post-Montgomery era. In Crane v. Penske Transportation Management, L.L.C., No. 25-40012 (5th Cir. Aug. 4, 2026), the Fifth Circuit reversed summary judgment in favor of two Penske entities in a wrongful-death action arising from a fatal tractor-trailer collision. Most significantly for freight brokers and their insurers, the court reinstated a negligent-selection claim against Penske Transportation Management ("PTM") in light of the Supreme Court's recent decision in Montgomery v. Caribe Transport II, LLC. The underlying accident occurred while truck driver Satnam Singh Lehal was traveling to Laredo, Texas, to pick up cargo for Adient US. According to the Fifth Circuit, Lehal lost control of his tractor-trailer, causing it to jackknife, cross into oncoming traffic, and strike a vehicle driven by Lyndon Dean Meyer, killing Meyer. The transportation chain involved several entities. Adient initially retained Penske Logistics to transport its goods. The shipment was then outsourced through PTM to Liberty Lane, which used an affiliated broker to retain OK Trans. OK Trans supplied the truck and employed Lehal. Meyer's surviving family members ultimately alleged, among other things, that PTM was negligent in selecting Liberty Lane to transport the shipment. The district court granted summary judgment in PTM's favor, finding that the claim was preempted by the Federal Aviation Administration Authorization Act ("FAAAA"). At the time, that conclusion was consistent with existing Fifth Circuit precedent. The legal landscape, however, changed while Crane was pending on appeal. Negligent Selection After Montgomery In May, the Supreme Court decided Montgomery v. Caribe Transport II, LLC, holding that the FAAAA does not preempt a state-law negligent-selection claim against a freight broker arising from its selection of a motor carrier. The Court concluded that the FAAAA's safety exception permits such claims to proceed when they concern a broker's selection of a motor carrier to transport goods. That holding removed what had become a significant threshold defense for freight brokers. Before Montgomery, brokers could often seek dismissal of negligent-selection claims without litigating the underlying merits, arguing instead that federal law preempted the claims altogether. After Montgomery, that avenue has been substantially narrowed. The focus now shifts to the state-law elements of the claim, including duty, breach, and causation, as well as the evidence surrounding the broker's carrier-selection process. Crane demonstrates that shift in practice. Because the district court had dismissed the negligent-selection claim on preemption grounds, the Fifth Circuit recognized that Montgomery eliminated the basis for that ruling. PTM nevertheless argued that summary judgment should be affirmed because it owed no duty to the plaintiffs under Texas law. The Fifth Circuit declined to resolve that issue because the district court had not addressed it. Instead, the court reversed the judgment and remanded the negligent-selection claim to the district court for further proceedings. That distinction is important. The Fifth Circuit did not find that PTM negligently selected Liberty Lane. Nor did it decide whether PTM owed a duty to the plaintiffs under Texas law or whether any action or omission by PTM contributed to the accident. Those issues remain unresolved. Carrier Selection Under Greater Scrutiny What Crane does show is that litigation is now moving beyond the federal preemption question. In the post-Montgomery environment, brokers should expect more cases to proceed into discovery focused on how motor carriers are evaluated, selected, approved, and monitored. That discovery is likely to focus heavily on the information available to the broker at the time a carrier was selected. Plaintiffs may seek the carrier's safety history, FMCSA data, inspection records, crash history, insurance information, internal ratings, prior experience with the carrier, and other information considered during the selection process. They are also likely to seek the broker's written qualification criteria and evidence demonstrating whether those criteria were followed in the transaction at issue. The practical challenge for brokers is that an accident may occur years before a negligent-selection claim is ultimately litigated. A company may have conducted an entirely reasonable review based on the information available at the time, but proving that review becomes more difficult if it cannot reconstruct what information its employees actually considered when the carrier was approved or selected. Current FMCSA information is not necessarily a substitute. A carrier's safety profile can change significantly over time. If the relevant question is whether a broker acted reasonably when selecting a carrier in 2023, a report generated in 2026 may not establish what the broker knew or reasonably could have known three years earlier. Brokers should therefore consider whether their systems preserve a meaningful snapshot of the information relied upon at the time of selection. Crane also illustrates the complications that can arise when freight passes through multiple entities. The broker accused of negligent selection did not directly select the motor carrier that employed the driver involved in the accident. PTM selected Liberty Lane, and another brokerage relationship followed before OK Trans and Lehal ultimately became involved. Nevertheless, the negligent-selection claim against PTM survived the appeal. The Fifth Circuit separately revived a statutory-employer theory against Penske Logistics under the federal motor carrier leasing regulations. The court concluded that Penske Logistics could potentially qualify as the driver's statutory employer even though there was no direct agreement between Penske Logistics and either Lehal or OK Trans. While that portion of the decision presents a distinct legal issue, it reinforces the broader point that adding parties to a transportation arrangement does not necessarily insulate companies farther up the chain from litigation. Defending Carrier-Selection Decisions For freight brokers, motor carriers, insurers, and claims professionals, the takeaway from Crane is not that every carrier-selection decision now creates liability. Montgomery did not establish a national negligence standard for freight brokers, and Crane did not hold that PTM was negligent. State law will continue to determine whether a duty exists, what reasonable care requires, and whether an alleged failure in the selection process had any causal connection to the accident. The more immediate consequence is that brokers should be prepared to defend the merits of their selection decisions rather than rely primarily on FAAAA preemption to prevent those decisions from being examined. That makes documentation particularly important. Brokers should understand the standards they use to approve carriers, whether those standards are consistently applied, what happens when a carrier falls outside the preferred criteria, who has authority to approve an exception, and whether the basis for that exception is documented. Companies that permit re-brokering should also understand what visibility they retain into downstream carrier selection and whether their contracts adequately address those arrangements. The same considerations should shape the response to a serious accident. Brokers and their insurers should preserve the carrier-selection file as it existed when the load was tendered, along with contracts, load tenders, communications, insurance information, safety data, internal evaluations, and records concerning any downstream brokerage arrangements. Waiting until litigation is underway to reconstruct that information may mean that critical evidence is no longer available. Montgomery answered the federal preemption question. Crane offers an early indication of what comes next. Broker-liability litigation will increasingly turn on the more difficult questions of what the broker knew, what it should have known, how it acted on that information, and whether any alleged deficiency actually contributed to the accident. For the transportation industry, that means the foundation for defending the next negligent-selection claim may be established long before an accident occurs. A broker that can reconstruct the information available at the time, explain the standards it applied, and demonstrate why the selected carrier reasonably satisfied those standards will be in a far stronger position to defend the merits of a post-Montgomery claim. DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising. (C) Chartwell Law 2026