DETROIT (March 30, 11:10 a.m. ET) — Global automotive supplier International Automotive Components Group has named James Kamsickas CEO, effective April 15.
Kamsickas, 45, is president of North America and Asia, and co-CEO of the parent company with Jens H"hnel, who is retiring.
Kamsickas says he can handle growing orders in North America, even though IAC, like many suppliers, cut production capacity significantly during the Great Recession.
“We can support demand” this year, he said. IAC produces door trim, instrument panels, flooring, headliners and other parts.
Kamsickas expects U.S. light-vehicle sales to reach 14.5 million this year after totaling 12.8 million in 2011.
While IAC's plants are not maxed out, the company built a plant and bought one, both in Belvidere, Ill., to supply interior parts for the 2013 Dodge Dart compact. The Dart is expected in showrooms in the second quarter.
IAC Group's 2011 sales were $4.4 billion. The company operates 76 factories in 15 countries.
IAC employs about 23,000 people globally and is headquartered in Luxembourg. Investor Wilbur Ross, now chairman, assembled IAC through 14 acquisitions starting in 2006.