Electrical Components Appoints New CEO Michael A. Balsei

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Electrical Components International, Inc, a leading global supplier of wire harnesses, electrical components, and sub-assemblies for the diversified industrial markets, announced that Michael A. Balsei has been appointed as Chief Executive Officer, effective immediately. He succeeds Douglas J. Grimm, Chairman of the Board, who had been serving as Interim Chief Executive Officer.

Mr. Balsei has an extensive track record of leading global businesses in the electrical distribution systems, automotive, and advanced materials sectors. He most recently led the Electrical Business Unit of Lear Corporation, a manufacturer of automotive seating and electrical systems. He led all aspects of the segment, which spanned 53 manufacturing plants across 25 countries with more than 65,000 employees. Previously, Mr. Balsei was at Delphi Automotive PLC, now trading as Aptiv PLC, for over 17 years, most recently as President of the Electrical & Electronic Distribution Systems division where he was responsible for a team of 110,000 employees in 30 countries. He started his career at General Motors in 1989 and served in various engineering and managerial roles for over 10 years.

“We are delighted to welcome Mike to ECI and look forward to the company’s next chapter of growth under his leadership,” said Mr. Grimm. “Mike has an outstanding combination of critical sector experience and expertise. The Board is confident that he is the ideal candidate to continue growing ECI while delivering on its high-quality customer service promise.”

Commenting on his appointment, Mr. Balsei said, “I am thrilled to be joining ECI at this pivotal time and look forward to working with my new colleagues as we continue providing our customers with world-class products. ECI is a strong business that is well-positioned to continue identifying and capturing opportunities to expand its market leadership, and I am confident we will sustain the momentum built over the last several years. I thank the Board for its confidence in me as I assume this new role.”