Visteon says CFO Welch has stepped down

VAN BUREN TOWNSHIP, Mich. -- Auto parts maker Visteon Corp. said Wednesday that Martin Welch has stepped down as chief financial officer.

Visteon, the former parts arm of Ford Motor Co., said Corporate Controller and Chief Accounting Officer Michael Widgren will be its interim CFO. Welch became Visteon's CFO in October.

On Monday Visteon named former Dura Automotive CEO Timothy Leuliette as its new CEO and named board member Francis Scricco as non-executive chairman. Leuliette had been Visteon's interim CEO and chairman since Don Stebbins stepped down from the post in August.

Visteon's shares rose 39 cents to $45.88 in morning trading.