Director Steven Tesoriere Resigns From Garrett Motion Board
The longtime board member, who served as an Oaktree Capital Management designee, has stepped down from the automotive firm.
Updated on Oct. 28, 2026 in Public Companies
Steven Tesoriere has officially resigned from the Garrett Motion Board of Directors. His departure includes his role on the company's Talent Management and Compensation Committee.
Why it matters
Tesoriere represented Oaktree Capital Management on the board, a position he held since joining the company in April 2021. The vacancy leaves a shift in representation for the firm as it continues its automotive operations.
Garrett Motion currently maintains 13 manufacturing facilities and 6 R&D centers across 20 countries. The company supports a global workforce of approximately 8,700 employees.
The players
Steven Tesoriere
He is a former board member of Garrett Motion who served as a representative for Oaktree Capital Management.
Garrett Motion
This automotive technology company specializes in advanced charging systems and operates with a focus on high-performance engineering.
Oaktree Capital Management
This global asset management firm focuses on alternative markets and frequently holds significant stakes in publicly traded corporations.
The details
During his tenure, Tesoriere previously held leadership positions including chairing both the Finance Committee and the Nominating and Governance Committee. His most recent committee assignment involved oversight of talent management and compensation strategies.
Timeline
Steven Tesoriere joined the Board of Directors in April 2021.
Steven Tesoriere resigned from the Board on October 28, 2026.
Market Landscape
The resignation follows the transparency standards set by the SEC's 8-K disclosure requirements, which mandate public notification of director departures. This turnover reflects ongoing adjustments in corporate governance structures within the competitive automotive technology sector.
This leadership transition is an internal corporate governance matter and does not change day-to-day operations for customers or service clients. Shareholders should monitor future filings for updates on board restructuring and potential new appointments.
The takeaway
Board departures are standard corporate procedures that allow firms to recalibrate their leadership oversight. Investors and observers should monitor company disclosures to see how these vacancies are filled in the coming months.
Further reading
For more information on current leadership changes in the automotive sector, visit the Public Companies section.
Source note: This article includes information reported by The Manila times.
