Skip to main content
Sister Publication Links
  • Automotive News
  • Automotive News Europe
  • Automotive News China
  • Automobilwoche
Subscribe
  • Subscribe
  • login
  • HOME
  • News
    • News by Brand
    • Auto Shows
    • Canadians Abroad
    • Photo Galleries
    • Automakers
    • Suppliers
    • Retail
    • Dealer Best Practices
    • Government Relations
    • Trade and Tariffs
    • Technology
    • Labour
    • Aston Martin
    • BMW
      • Mini
      • Rolls Royce
    • Daimler
      • Mercedes Benz
      • Smart
    • Ferrari
    • Ford
      • Lincoln
    • General Motors
      • Buick
      • Cadillac
      • Chevrolet
      • GMC
    • Honda
      • Acura
    • Hyundai
      • Kia
    • Mazda
    • Mitsubishi
    • Nissan
      • Infiniti
    • Stellantis
      • Alfa Romeo
      • Chrysler
      • Dodge
      • Fiat Chrysler
      • Jeep
      • Fiat
      • Lancia
      • Maserati
      • Ram
    • Subaru
    • Tata
      • Jaguar
      • Land Rover
    • Tesla
    • Toyota
      • Lexus
    • Volkswagen
      • Audi
      • Bentley
      • Bugatti
      • Lamborghini
      • Porsche
    • Volvo
    • VinFast
    • Toronto Auto Show
  • Opinion
    • Blogs
  • Video
  • Podcasts
  • EVENTS & AWARDS
    • 2021 Auto News Canada All Stars
    • 2021 Canadians To Watch
    • Best Dealerships To Work For
    • Canada Congress
    • Retail Forum: Dealer Discussions
    • Leading Women Roundtables
    • Embracing Diversity Roundtable
  • Jobs & Classifieds
  • +MORE
    • IN THE DRIVER'S SEAT
    • NEWSLETTERS
    • SUBSCRIBE
    • CLASSIFIEDS
    • PEOPLE ON THE MOVE
    • COMPANIES ON THE MOVE
    • WEBINARS
    • ADVERTISE WITH US
    • CONTACT US
    • DIGITAL EDITION
    • PUBLISHING PARTNERS
MENU
Breadcrumb
  1. Home
  2. Canada
June 04, 2018 01:00 AM

Former Martinrea exec Natale Rea replaces IAC CEO Steve Miller

Dustin Walsh
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print
    Miller: Longtime history in the auto industry.

    International Automotive Components Group said it hired former Martinrea International executive Natale Rea to replace auto industry veteran Robert "Steve" Miller as its president and interim CEO.

    Rea’s namesake is incorporated into the Canadian parts supplier Martinrea International.

    The change is effective immediately, the company said in a statement Monday. Miller, 76, who spent three years leading the suburban Detroit supplier, is retiring. It's unclear whether Miller was forced out or a retirement was planned, though no previous announcement had been made.

    In April, IAC secured new financing by issuing $215 million of notes to funds managed by Gamut Capital Management LP, which gave the New York private equity firm a minority stake in the auto supplier. Top executive changes often occur when new ownership is established, but there is no indication that this happened in this case. The company did not immediately reply to inquiries about Miller's departure.

    Rea joins IAC from his investment firm Rea Holdings Inc., where he served as president since 2012. Before that, he served as president of the automotive division of Canadian auto supplier Martinrea International Inc., which was created in 2002 when Rea merged his supplier, Rea International, with Pilot Industries Inc.

    "We are thrilled to welcome Nat to IAC," IAC Chairman Stephen Toy, the senior managing director and co-head of WL Ross & Co., Commerce Secretary Wilbur Ross' investment firm and majority owner of IAC, said in a news release. "We thank Steve Miller for his significant contributions to IAC over the last three years..."

    Miller, whose extensive resume includes a momentous position as executive chairman of Delphi Corp. during its Chapter 11 bankruptcy from 2007 until its emergence in 2009, worked to streamline IAC's operations and functions by phasing out nonautomotive activity. The company grew under his leadership to $4.4 billion in revenue in 2017 and made it the largest supplier of automotive injection moldings in North America.

    He also established a joint venture, Auria Solutions Ltd. with Shanghai Shenda Co. Ltd., and led the recent recapitalization of the company.

    Miller's time at Delphi led him to write an autobiography on managing companies near collapse titled, "The Turnaround Kid: What I Learned Rescuing America's Most Troubled Companies."

    RECOMMENDED FOR YOU
    4 key issues the Canadian auto industry faces right now
    Recommended for You
    4 issues
    4 key issues the Canadian auto industry faces right now
    2021 All Star Collage
    The 2021 Automotive News Canada All-Stars
    First Quarter Covers
    2021: The Year in Review
    Left to right: Farid Ahmad, John Chisholm 7
    Sponsored Content: Expert insights: The keys to successful dealership succession planning
    Digital Edition
    June 2022 Cover
    View latest issue
    See our archive
    Sign up for free newsletters
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    You can unsubscribe at any time through links in these emails. For more information, see our Privacy Policy.

    Get Free Newsletters

    Sign up today for our Weekly Newsletter, Daily Newsletter and Breaking News Alerts. We'll deliver the news you need to know straight to your inbox.

    You can unsubscribe at any time through links in these emails. For more information, see our Privacy Policy.

    Subscribe Now

    An Automotive News Canada subscription includes 12 monthly issues – delivered in print to your doorstep, and digitally to your inbox – plus unlimited, 24/7 access to our website.

    Subscribe Now
    Connect With Us
    • Facebook
    • Twitter
    • Instagram

    Our Mission

    The Automotive News Canada mission is to be the primary source of industry news, data and understanding for the industry's decision-makers interested in Canada.

    Contact Us

    1155 Gratiot Ave
    Detroit MI 48207

    1-877-812-1257

    Email Us

    ISSN 2475-5001 (print)
    ISSN 2475-501X (online)

    Resources
    • About us
    • Contact Us
    • Digital Edition Archive
    • Advertise with Us
    • Reprints
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Automotive News Canada
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • HOME
    • News
      • News by Brand
        • Aston Martin
        • BMW
          • Mini
          • Rolls Royce
        • Daimler
          • Mercedes Benz
          • Smart
        • Ferrari
        • Ford
          • Lincoln
        • General Motors
          • Buick
          • Cadillac
          • Chevrolet
          • GMC
        • Honda
          • Acura
        • Hyundai
          • Kia
        • Mazda
        • Mitsubishi
        • Nissan
          • Infiniti
        • Stellantis
          • Alfa Romeo
          • Chrysler
          • Dodge
          • Fiat Chrysler
          • Jeep
          • Fiat
          • Lancia
          • Maserati
          • Ram
        • Subaru
        • Tata
          • Jaguar
          • Land Rover
        • Tesla
        • Toyota
          • Lexus
        • Volkswagen
          • Audi
          • Bentley
          • Bugatti
          • Lamborghini
          • Porsche
        • Volvo
        • VinFast
      • Auto Shows
        • Toronto Auto Show
      • Canadians Abroad
      • Photo Galleries
      • Automakers
      • Suppliers
      • Retail
      • Dealer Best Practices
      • Government Relations
      • Trade and Tariffs
      • Technology
      • Labour
    • Opinion
      • Blogs
    • Video
    • Podcasts
    • EVENTS & AWARDS
      • 2021 Auto News Canada All Stars
      • 2021 Canadians To Watch
      • Best Dealerships To Work For
      • Canada Congress
      • Retail Forum: Dealer Discussions
      • Leading Women Roundtables
      • Embracing Diversity Roundtable
    • Jobs & Classifieds
    • +MORE
      • IN THE DRIVER'S SEAT
      • NEWSLETTERS
      • SUBSCRIBE
      • CLASSIFIEDS
      • PEOPLE ON THE MOVE
      • COMPANIES ON THE MOVE
      • WEBINARS
      • ADVERTISE WITH US
      • CONTACT US
      • DIGITAL EDITION
      • PUBLISHING PARTNERS