On December 4, 2017, (the ‘Distribution Date'), Aptiv PLC completed the previously announced separation (the ‘Spin-Off') of the company's Powertrain Systems segment into a new, independent publicly traded company, Delphi Technologies PLC, through the distribution of all of the outstanding ordinary shares of Delphi Technologies on a pro rata basis to the company's shareholders of record as of the close of business on November 22, 2017. On December 4, 2017, effective upon the Distribution, David M. Sherbin and Joseph R. Massaro (collectively, the ‘Resigning Directors') resigned from the Board of Directors (the ‘Board') of the Company. On December 4, 2017, effective upon the Distribution, the Board increased its size from three members to ten members and appointed Timothy M. Manganello, Robin J. Adams, Liam Butterworth, Nelda J. Connors, Gary L. Cowger, David S. Haffner, Helmut Leube, Hari N. Nair and MaryAnn Wright to the Board to fill the vacancies created by the increase in the size of the Board and the resignation of the Resigning Directors.

Timothy M. Manganello was appointed Chairman of the Board effective as of the Distribution. Joseph S. Cantie, who had been elected to the Board effective November 15, 2017, will continue to serve as a director of the Company following the Distribution. On December 4, 2017, effective upon the Distribution, the Board established a Compensation Committee and a Nominating and Governance Committee and a Compensation Committee.

The Board had previously established an Audit Committee effective as of November 15, 2017 and appointed Joseph S. Cantie as Chairman of the Audit Committee. On December 6, 2017, the Board established a Finance Committee and an Innovation and Technology Committee. In connection with the establishment of such committees and the changes to the composition of the Board described above, the Board made the following appointments: Robin J. Adams and Nelda J. Connors were appointed to serve as members of the Audit Committee.

David S. Haffner, MaryAnn Wright and Hari N. Nair were appointed to serve as members of the Compensation Committee; and David S. Haffner was appointed to serve as Chairman of the Compensation Committee. Gary L. Cowger, Helmut Leube and Timothy M. Manganello were appointed to serve as members of the Nominating and Governance Committee; and Gary L. Cowger was appointed to serve as Chairman of the Nominating and Governance Committee. Robin J. Adams, Joseph S. Cantie, Nelda J. Connors and Hari N. Nair were appointed to serve as members of the Finance Committee, and Robin J. Adams was appointed to serve as Chairman of the Finance Committee.

MaryAnn Wright, Gary L. Cowger and Helmut Leube were appointed to serve as members of the Innovation and Technology Committee, and MaryAnn Wright was appointed to serve as Chairman of the Innovation and Technology Committee. On December 4, 2017, effective as of the Distribution, Joseph R. Massaro resigned as Vice President and Chief Financial Officer and David M. Sherbin resigned as Vice President, General Counsel and Secretary of the Company (collectively, the ‘Resigning Officers'). On December 4, 2017, effective as of the Distribution, the Board appointed the Liam Butterworth as President and Chief Executive Officer, Vivid Sehgal as Chief Financial Officer, James Harrington as Senior Vice President, General Counsel, Secretary and Chief Compliance Officer and Jeffrey Sesplankis as Chief Accounting Officer.

Mr. Sesplankis is Chief Accounting Officer. Mr. Sesplankis was named Global Divisional Controller of Aptiv's Powertrain Systems segment in 2015. He was previously Aptiv's Chief Audit Executive – Interim from 2014 to 2015 and director, Internal Audit services in 2014.