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Troy, Mich.-based Horizon Global Corp. has named veteran auto supplier executive Terrence Gohl as its new CEO after the resignation of former CEO Carl Bizon, the maker of towing products said Monday (Sept. 23).

Crain’s Detroit Business reported that Bizon also resigned from the company’s board of directors. The change comes nearly a week after the company sold off its Asia-Pacific business to help pay down its debt and less than a year since his appointment to the role.

“After years of service to Horizon Global and its subsidiaries, Carl would now like to spend more time with his family in Australia. We wish him well in his future endeavors,” company Chairman John Kennedy said in a written statement.

Gohl served as COO of Southfield-based International Automotive Components and prior to that as president and CEO of Sterling Heights-based Key Plastics LLC. Horizon cited Gohl’s strategic leadership at Key Plastics as vital to that company’s turnaround and eventual sale.

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