Automotive supplier Lear Corporation will promote Lear Vice President of Finance Jared Fedele to chief financial officer on March 1, 2027, ahead of Chief Financial Officer Jason Cardew’s planned December retirement.
Cardew notified Lear on Oct. 13 that he would step down as CFO after Feb. 28, the company disclosed in a regulatory filing. He is scheduled to advise senior management through Dec. 31, 2027, although his agreement allows the assignment to end earlier. Lear said the arrangement is intended to provide continuity during the handover.
Fedele’s initial annual base salary will be $750,000 when his appointment takes effect. Cardew will receive a base salary of $22,000 a month during his advisory term, according to the filing.
Fedele currently oversees finance for Lear’s Seating and E-Systems businesses. He joined the company in July 2003. Before his current role, he led finance in Asia Pacific from 2018 to 2023 and worldwide financial planning and analysis from 2023 to 2025.
Lear President and CEO Ray Scott cited Fedele’s work on the company’s response to tariffs and its profitability efforts when announcing the appointment. Cardew has served as CFO since November 2019 and joined Lear in 1992, according to the company’s 2025 annual report.
Lear reported second-quarter 2026 revenue of $6.2 billion, up 3% from a year earlier. The company has scheduled a call to discuss its third-quarter results for Oct. 30 at 9 a.m. EDT.
