International Automotive Components Group (IAC) announced Manfred Gingl has been named chief executive officer (CEO) of International Automotive Components Group, effective immediately. President Natale "Nat" Rea, who served as interim CEO, will continue to serve as President.

"We are excited to have an executive as accomplished and respected as Manfred lead IAC and execute our strategic plans to grow the company," said IAC Group Chairman Stephen J. Toy, the senior managing director and co-head of WL Ross & Co. "He is a proven leader with more than 40 years of automotive supplier and aftermarket industry experience and global perspective that will be instrumental in moving our company forward in this rapidly evolving industry."

Gingl brings a wealth of leadership experience and operational expertise to IAC. While spending the last several years exploring disruptive mobility technology, his most recent experience in automotive was as CEO of Magna Aftermarket from 2008 to 2010, after having served as executive vice chairman of Magna International from 2002 to 2007. Prior to that, he served as president and CEO of Tesma International from 1992 to 2002, a company that was formed after he guided Magna's powertrain business through an initial public offering.

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