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SOUTHFIELD, MI – Lear Corporation (NYSE:LEA), a leading automotive supplier specializing in seating and electrical systems trading near its 52-week low of $86.28, announced the promotion of Amanda J. Pontes to General Counsel, effective March 1, 2025. The news comes from a recent 8-K filing with the Securities and Exchange Commission. According to InvestingPro analysis, the company appears undervalued based on its Fair Value estimates.
Pontes, who has been with Lear Corporation as Vice President, Global Legal and Corporate Secretary, will continue to hold her role as Corporate Secretary. In her new position, she will report to Harry A. Kemp, Senior Vice President and Chief Administrative Officer, who manages the company’s legal, human resources, marketing and communications, and sustainability functions. The company maintains strong financial health with an overall "GOOD" rating from InvestingPro, which offers comprehensive analysis of 1,400+ US stocks through its Pro Research Reports.
This executive shift aligns with Lear Corporation’s ongoing efforts to strengthen its leadership team and comes as part of its strategic organizational updates. The company, which has maintained dividend payments for 15 consecutive years and holds a prominent position in the Automobile Components industry, has not disclosed any further details regarding the reasons for the promotion or any additional changes to its executive structure.
Investors and stakeholders of Lear Corporation can find the 8-K filing, which includes the Cover Page Interactive Data File, on the SEC’s website. The document provides formal documentation of the internal appointment and other legally required information.
Lear Corporation, headquartered at 21557 Telegraph Road, Southfield, MI, remains committed to its mission of delivering superior products through its diverse portfolio of automotive solutions. The appointment of Pontes as General Counsel is expected to support the company’s legal and regulatory affairs while also contributing to its overall strategic goals.
This announcement is based on a press release statement and reflects the company’s latest organizational developments.
In other recent news, Lear Corporation reported a fourth-quarter adjusted earnings per share of $2.94, exceeding the consensus estimate of $2.58. The company’s quarterly revenue saw a slight decrease of 1.7% to $5.71 billion, yet it still surpassed expectations by $180 million. Lear has set guidance for 2025, projecting net sales between $21.88 billion and $22.88 billion, with adjusted EBITDA ranging from $1.54 billion to $1.80 billion, slightly below current consensus forecasts. CFRA recently upgraded Lear’s stock rating to Buy, raising the price target to $120, while TD Cowen adjusted its price target downward to $115, maintaining a Buy rating.
In other developments, Lear announced a partnership with General Motors (NYSE:GM) to introduce the ComfortMax Seat, an advanced seating technology, in select GM vehicles by the second quarter of 2025. This innovation is part of Lear’s broader strategy to enhance automotive seating through advanced thermal management and manufacturing efficiency. Additionally, Lear has acquired StoneShield Engineering to expand its automation capabilities, particularly in its E-Systems business. This acquisition is expected to accelerate the automation of production processes and enhance operational excellence.
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