News Spotlight: Lear Corporation (LEA)

Shares of Lear Corporation (LEA) were transacted with a volume of 884497 shares in last trading period as compared to its average volume of 895.5K shares over last three months period. The stock price scored 2.32% and valued at $149.

Lear Corporation a USA based Company, belongs to Consumer Goods sector and Auto Parts industry. Shares of the company returned -0.18% during the last five trading days and it returned 27.09% in past 30 trading days. It changed 7.96% over recent three months. The stock has changed -20.93% in one year period and YTD Performance clocked at 21.28%.

Lear Corporation (NYSE: LEA) publicized that Mei-Wei Cheng has been appointed to Lear’s Board of Directors.

Mr. Cheng currently serves as the Non-Executive Chairman of the Board of Directors of HCP Packaging and is a member of the Board of Directors of both Interplex Holdings Pte. Ltd. and NIU Technologies. He previously served as the Non-Executive Chairman of the Board of Directors of Pactera, a Blackstone portfolio company, as well as a director and senior advisor to several other manufacturing and technology companies.

From 2010 to 2014, Mr. Cheng was CEO of Siemens North East Asia and President and CEO of Siemens Ltd., China. Prior to joining Siemens, Mr. Cheng spent more than a decade at Ford Motor (China) Ltd. as Chairman and CEO. In addition, Mr. Cheng has served as Chairman and CEO of GE (China) Ltd. and President of AT&T China.

Mr. Cheng has lectured on “Leadership” and “How to Do Business in China” at Cornell, Dartmouth, the China Europe International Business School and various multinational companies.

“We are pleased to welcome Mei-Wei to Lear’s Board of Directors,” said Henry D.G. Wallace, Lear’s Non-Executive Chairman. “Mei-Wei’s deep knowledge of the Chinese market, strong leadership, and executive experience will be instrumental in helping guide our growth and strategy, particularly in China.” 

Mr. Cheng holds a bachelor’s degree in industrial engineering/operations research from Cornell University, an MBA from Rutgers University, and is a graduate of Dartmouth’s Tuck Executive Program and MIT’s Program for Senior Executives.

The price moved ahead 9.46% from the mean of 20 days, 11.73% from 50 and separated -9.44% from 200 days average price. Its price volatility for a month is at 3.43% and for a week, volatility remained at 2.70%. It beta stands at 1.37. Company’s price to sales ratio for last 12 months was 0.45 while its price to book ratio for the most recent quarter was 2.27. Its Market Cap valued at $9740.58M.

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