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IAC Group appoints Larry Vano as Chief Procurement Officer

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by Sakthi Prasad , Director - Content
12 September 2023

automotive

International Automotive Components Group (IAC Group), a premier global provider of automotive components and systems, has appointed Larry Vano to its executive team as Chief Procurement Officer. This pivotal appointment highlights IAC Group's dedication to expanding its market presence, increasing profitability, and delivering unparalleled value to its clients.

"With Larry's profound experience and his innovative strategies aimed at enhancing operational performance, IAC Group's market position is set to be reinforced," remarked Kevin Baird, CEO of IAC Group. "Larry's unwavering focus on organizational evolution and nurturing talent resonates with our vision for what lies ahead."

Throughout his professional trajectory, Vano has led numerous high-impact global procurement transformations. His initiatives encompass the introduction of novel global procurement models for commodities and programs, fortifying international capabilities, and introducing new dimensions to strategic sourcing, ensuring clarity in risk and opportunity assessment.

"I'm genuinely excited to join IAC Group as Chief Supply Chain and Procurement Officer. The company's reputation for being at the forefront of automotive interior solutions and their commitment to innovation and excellence is truly commendable," said Vano. "I'm eager to leverage my experience and contribute to the next chapter of IAC Group's success story."

Significantly, Vano has had an expansive tenure in the automotive domain, primarily with Lear Corporation, where he ascended to various leadership echelons in procurement, most prominently as the VP of Global Purchasing, Seating, cost, program management, and sales.

Based in Luxembourg, International Automotive Components (IAC) Group is a global provider of automotive components and systems. Their range encompasses instrument panels, console systems, door panels, headliners, and overhead systems, serving automobile manufacturers globally. With a workforce of about 18,000 people, IAC Group boasts a multi-billion dollar global operation with a presence in 55 locations, inclusive of over 40 manufacturing sites across 17 nations.

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