CFO to Exit by November 30; Chief Accounting Officer Steps In as Interim
VC is trading near its 52-week low of $73.32 (0.6% above the low) on elevated volume (1.8× avg).
Summary
CFO Jerome Rouquet is leaving Visteon effective November 30, 2026, and the company says his departure is not the result of any disagreement with the Company or any matter relating to its operations, policies, or practices, including its controls or accounting policies; he is pursuing other opportunities and will work with Myers and Visteon's leadership team through November 30 to support a smooth transition. Colleen Myers, VP and Chief Accounting Officer since January 2024, becomes interim CFO upon Rouquet's departure, serving until her successor is chosen and qualified, or until her earlier resignation or removal, while the Board of Directors initiates a search for a permanent CFO and will name her successor at the completion of the search. As interim CFO she will act as the company's principal financial officer and principal accounting officer and will participate in the Company's Change in Control Plan, and she gets a $25,000 monthly stipend and a base salary raised to $330,000 from $286,000, with higher incentive targets. The timing is awkward: this lands days after Visteon posted Q3 net income of $5 million, including $77 million of warranty charges, and trimmed its 2026 sales outlook to $3.80–$3.85B with adjusted EBITDA of $370–$410M. The stock is already trading near its 52-week low, so a finance-chief vacancy adds uncertainty to a turnaround story that is still absorbing warranty costs. Myers' accounting background gives continuity on reporting, but the open-ended search leaves the permanent finance leadership unresolved.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Interim CFO Colleen Myers gets a $25,000 monthly stipend and a base salary raised to $330,000 from $286,000, with higher incentive targets.
- Interim Role Scope — Myers will act as principal financial officer and principal accounting officer, serving as interim CFO until her successor is chosen and qualified, or until her earlier resignation or removal.
- Departure Terms — Rouquet's departure is not the result of any disagreement with the Company or any matter relating to its operations, policies, or practices, including its controls or accounting policies; he will work with Myers and leadership through November 30 to support a smooth transition.
- Permanent CFO Search — The Board of Directors is initiating a search for a permanent CFO and will name Myers' successor at the completion of the search.
- Appointment Timing — Myers' appointment as interim CFO is effective upon the departure of current CFO Jerome J. Rouquet.
- Change in Control — While serving as interim CFO, Myers will participate in the Company's Change in Control Plan.
All 7 details
- While serving as interim CFO, Myers will participate in the Company's Change in Control Plan.
- Myers will act as the Company's principal financial officer and principal accounting officer during her interim CFO tenure.
- Rouquet's departure is not the result of any disagreement with the Company or any matter relating to its operations, policies, or practices, including its controls or accounting policies.
- Rouquet will work with Myers and Visteon's leadership team through November 30 to support a smooth transition.
- Myers serves as interim CFO until her successor is chosen and qualified, or until her earlier resignation or removal.
- Visteon's Board of Directors is initiating a search for a permanent CFO and will name Myers' successor at the completion of the search.
- Myers' appointment as interim CFO is effective upon the departure of current CFO Jerome J. Rouquet.
At the time of this announcement, VC was trading at $73.76 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $1.8B. The 52-week trading range was $73.32 to $126.95. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: PR Newswire.