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Delphi to form new board on Wednesday: report
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(Reuters) - Delphi, the auto-parts maker that emerged from a four-year bankruptcy in October, is forming a new board of directors and will name retired Dupont <DD.N> Chief Executive John Krol as its chairman, the Wall Street Journal said.
Initially, Delphi Chief Executive Rodney O'Neal would not be offered a board seat, the paper said.
On Wednesday, Delphi plans to announce seven members of a board that includes a majority of directors with no ties to either former parent General Motors Co <GM.UL> or Delphi's lenders, the paper said.
Delphi could not be immediately reached for comment outside regular U.S. business hours.
(Reporting by Sakthi Prasad in Bangalore; Editing by Erica Billingham)
Copyright 2009 Reuters. Click for restrictions.
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