Known as a financial wizard who has played a critical role in a number of critical automotive turnarounds, including the rescue of Chrysler in 1981 and the more recent bankruptcy of parts giant Delphi, Robert S. “Steve” Miller is getting back into the automobile business.
The 73-year-old Miller will be joining International Automotive Components later this month as President, CEO and director of the $6 billion parts company. He succeeds James Kamsickas, who resigned to take the job of president and chief executive officer of Dana Holding Corp.
Miller’s career in the automobile industry stretches back to the late 1960s when he first joined the Ford Motor Co. He was one of handful of executives who followed Lee Iacocca to Chrysler and became instrumental in what has since gone down into the history books as Chrysler’s first turnaround. There have since been two more. (more…)