• Terry Campbell to become President & Chief Executive Officer and Alexander De Bock to become Chief Financial Officer of the combined group
  • TI Fluid Systems’ current President & Chief Executive Officer, Hans Dieltjens, to step down following completion of the acquisition
  • ABC Technologies’ acquisition of TI Fluid Systems remains on track to complete during the first half of the year

TORONTO, CANADA and AUBURN HILLS, MICHIGAN, USA (19 February 2025) – ABC Technologies (ABC) and TI Fluid Systems (TIFS) announce two key leadership appointments that will take effect following the completion of ABC’s acquisition of TIFS. Terry Campbell, currently President & Chief Executive Officer (CEO) of ABC Technologies (ABC), and Alexander De Bock, currently Chief Financial Officer (CFO) of TIFS, will be appointed President & CEO and CFO respectively of the combined group.

Terry Campbell became President & CEO of ABC in 2022, having previously held senior leadership roles at Johnson Controls, Magna International and The Woodbridge Group. With over thirty years’ experience in the global automotive sector, he brings a customer-centric approach and considerable expertise in operational excellence and product innovation.

Alexander De Bock was appointed CFO of TIFS in 2023, having spent over 15 years in the industry, including in finance leadership roles at WABCO and ZF Group. Since joining TIFS, Alexander has played an instrumental role in driving financial performance in a dynamic environment, enhancing capital allocation and improving shareholder returns.

Speaking about his appointment, Mr. Campbell said: “Leading the combined ABC and TIFS group as its CEO is a tremendous privilege. I am looking forward to working with Alexander and the global executive leadership team to build on TI Fluid Systems’ strengths and deliver the benefits of the combination. As a larger, diversified business with a broad range of products and an expanded geographic footprint, we will be extremely well positioned to navigate the transition to electrification, deliver value for customers and achieve sustainable growth.”

Following completion of the acquisition by ABC, Hans Dieltjens will step down from his current role as President & CEO and Director of TIFS. Mr Dieltjens was appointed President & CEO in 2021, following 25 years in leadership positions across the business. TIFS thanks him for his considerable contribution and strong leadership, which has paved the way for future success.

Hans Dieltjens said: “It has been an honor to have had the opportunity to lead TI Fluid Systems and I am incredibly proud of all that we have achieved. Our people are some of the most talented, passionate and forward-thinking in our industry. Together, we have positioned the TIFS group for a successful future and I am confident that the business will continue to thrive and grow together with ABC.”

The Board of TIFS announced the terms and conditions of a recommended all cash offer from ABC Technologies Acquisitions Limited (“Bidco”) of the entire issued, and to be issued, ordinary share capital of TI Fluid Systems (the “Acquisition”). It is intended that the Acquisition will be implemented by way of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006. The Acquisition was approved by TIFS shareholders on 5 February 2025 and is expected to complete in the first half of this year, following receipt of remaining regulatory and judicial clearances. TI Fluid Systems will give notice of the anticipated completion timetable by issuing an announcement through a Regulatory Information Service and by making such announcement available on TI Fluid Systems’ website at https://tifluidsystems.com/.

TIFS is a market-leading business, renowned for its exceptional people, innovative products and blue-chip customer base. The combination with ABC will bring together two strategically complementary businesses to create a larger, more diversified group, better positioned to navigate the transition to electrification and deliver sustainable, long-term growth.

About ABC Technologies
ABC Technologies is a leading global manufacturer and supplier of custom, highly engineered, technical plastics, and light-weight innovations to the North American light vehicle industry. Serving more than 25 major original equipment manufacturer customers in 8 countries, the Company is strategically placed to offer vertically integrated product and process solutions through a skilled workforce of over 11,000 team members. ABC Technologies is majority owned by certain of the affiliated funds of Apollo Global Management, Inc. and its subsidiaries with funds managed by Oaktree Capital Management, L.P. owning a minority equity interest in ABC Technologies. Additional information about the Company can be found at www.abctechnologies.com

About TI Fluid Systems
TI Fluid Systems is a global innovator of thermal and fluid systems solutions for the full range of current and developing vehicle architectures. Serving all major automotive manufacturers, with more than 100 years of automotive supply experience; TI Fluid Systems operates across 26 countries with a commitment to improving efficiency, performance and sustainability worldwide.

 

Press Information

ABC Technologies
Thomas Hajkus
Thomas.Hajkus@abctech.com
Tel: + 1 248-648-0173

FGS Global (PR Adviser to ABC Technologies)
Rory King
ABCTech-UK@fgsglobal.com
Tel: + 44 (0) 20 7251 3801

TI Fluid Systems
Kellie McAvoy
Investor Relations
kmcavoy@tifs.com
Tel: + 44 7354 846374

Headland Consultancy (PR Advisor to TI Fluid Systems)
Matthew Denham / Chloe Francklin
Tel: + 44 7354 846374

Sheryl Haislet

Chief Information Officer

Sheryl Haislet is the Chief Information Officer (CIO) of TI Automotive. Sheryl brings over 25 years of experience in the automotive and technology sectors. She began her

career in engineering at Prince Corporation, later acquired by Johnson Controls Inc. (JCI), where she held leadership positions in IT security, infrastructure, and applications development, eventually serving as CIO of the Power Solutions division. Following the spin-off of JCI’s seating business to form Adient, Sheryl became CIO and successfully led the IT function through significant organizational changes. Most recently, she served as CIO at Vertiv, a global provider of critical infrastructure and continuity solutions.

Maria Munoz

President, ABC Americas (Interim)

Maria Muñoz is the Interim President, ABC Americas Operations. She joined ABC Technologies in 2024 after serving 22+ years in senior global operations and P&L leadership roles at Grupo Antolin in the U.S and Europe. Most recently at ABC, Maria served as Vice President, Global Manufacturing Integration & Transformation reporting to Chief Transformation & Strategy Officer, John Loehr.

Henri Tsang

President Asia Pacific

Henri Tsang was appointed TI Fluid Systems’ President of Asia Pacific in January 2024. He brings more than 30 years of automotive industry experience, previously serving as Managing Director of Fuel Tanks and Delivery Systems in the region. Henri’s distinguished career includes senior leadership positions at Valeo, Plastic Omnium, Magna, and CAIP Automotive, with expertise spanning sales, business development, and operational management.

Steve Vercauteren

President EMEA

Steve Vercauteren became President EMEA of TI Fluid Systems in January 2024 after serving as Executive Vice President of the Fuel Tank & Delivery Systems Division. With more than 30 years of extensive global automotive industry experience, Steve has held multiple roles in production, commercial, and executive leadership within the company, successfully driving strategic initiatives and operational excellence.

Julian Plenchette

President Americas

Julian Plenchette serves as President Americas, bringing over 20 years of automotive leadership experience. He previously held senior roles at major tier-one suppliers including ZF/Wabco, LS Automotive, and Valeo. Prior to joining TI Fluid Systems in 2024, Julian was Managing Director and Vice President of Aptiv’s Active Safety and User Experience Business Unit in North America, overseeing strategic growth and technological advancements.

Johannes Helmich

Chief Technology Officer
Johannes Helmich serves as Chief Technology Officer, bringing more than 27 years of global engineering expertise focused on automotive innovation and electric vehicle advancements. Previously CTO of TI Fluid Systems, Johannes has held senior management roles at prominent Tier One suppliers such as Magna, Brose, Bosch, and Valeo. He will continue to accelerate TI Automotive’s product development and technological capabilities.

Omar Montasir

Chief Commercial Officer

Omar Montasir has extensive experience in commercial leadership, sales strategy, and project management. Before joining ABC Technologies, Omar served as Vice President of Sales and Project Management at Robert Bosch. His expertise encompasses global sales growth, customer relationship management, and strategic commercial initiatives within the automotive industry.

Janis Acosta

Chief Legal Officer

Janis Acosta joined TI Fluid Systems as Chief Legal Officer & Company Secretary in August 2023, bringing more than 20 years of international legal leadership in the automotive sector. Janis previously held senior roles at International Automotive Components (IAC) Group and Lear Corporation, specializing in mergers and acquisitions, corporate governance, regulatory compliance, and international commercial transactions. Her extensive global experience strengthens the company's legal and compliance frameworks.

Mark Decker

Chief Human Resources Officer

Mark Decker has more than three decades of human resources leadership within global automotive companies. Before joining ABC Technologies, he was CHRO at Joyson Safety Systems, following similar senior roles at Key Safety Systems, Nexteer Automotive, Fisker Automotive, and Meridian Automotive. Mark began his career at Ford Motor Company and Visteon Corporation, holding various operational and corporate HR roles across the U.S. and internationally, including three years in Yokohama, Japan.

John Loehr

Chief Transformation & Strategy Officer

John Loehr brings more than 30 years of strategic consulting and operational experience in automotive, industrial, and technology sectors. Prior to joining ABC Technologies, John was a Partner at global firms including Booz & Company, McKinsey & Company, and AlixPartners. His extensive expertise spans strategy, M&A, and operational transformation, with notable contributions to electric vehicle market strategies and supplier performance improvement across numerous automotive segments.

Alexander De Bock

Chief Financial Officer

Alexander De Bock was appointed Chief Financial Officer and Executive Director of TI Fluid Systems in April 2023. With 16 years of automotive financial leadership, Alexander previously served as CFO and Senior Vice President for ZF Friedrichshafen’s Commercial Vehicle division and CFO at WABCO Holdings. He began his career in audit assurance at Arthur Andersen (now Deloitte).

Terry Campbell

President & Chief Executive Officer

Terry Campbell has more than 25 years of global automotive leadership, renowned for driving operational excellence, innovation, and customer-centric solutions. Terry served as CEO and, previously, Chief Operations Officer at ABC Technologies. His extensive experience also includes senior roles at The Woodbridge Group as COO and at Johnson Controls Automotive Experience Group as Vice President & General Manager, responsible for the Americas & Asia Pacific. He also held various senior management positions at Magna International.