Mark T. Simon
Head of Automotive & Industrial Group
Mark Simon has over 25 years of experience as a CEO, CFO, senior operating manager and business owner in the automotive supplier industry.
Mr. Simon was most recently the Chief Executive Officer of Drivesol Worldwide, a $300 million global supplier of engineered pedal assemblies, steering columns and electronic sensors with manufacturing and engineering locations in the U.S., Brazil, Mexico, Sweden, Slovakia and China. Mr. Simon acquired the predecessor business to Drivesol with the backing of private equity sponsor Sun Capital Partners in 2005 and served as CEO until 2008.
Mr. Simon developed a strategy for consolidating suppliers of electro-mechanical controls to the worldwide automotive industry and completed two add-on acquisitions following the initial platform company investment. He directed an aggressive operating consolidation of the three businesses that eliminated $30 million in costs over a 24-month period, transforming the businesses from negative EBITDA to profitability.
From 1997 to 2004, Mr. Simon was the President, and previously the Vice President and Group Controller, of Teleflex Automotive Group’s European operations, with full P&L responsibility for businesses in Germany, France, the UK, Sweden, Slovakia and Brazil. During his tenure as President, Mr. Simon implemented numerous operating restructuring steps that moved the business from a net loss to a solid operating profit over a four-year period.
Before joining Teleflex, Mr. Simon was the CFO and major shareholder of Comcorp Technologies, a Michigan-based manufacturer of automotive metal stampings and pedal systems assemblies.
Mr. Simon received a BA in Accounting and Economics from Western Michigan University.