POMONA, CA -- Keystone Automotive Industries announced that John Palumbo has resigned as CFO to accept a similar position with a Los Angeles-based solar energy company. Terry Tuttle, currently the company's controller, will become vice president finance. Keystone has begun a search for Palumbo's replacement.

"John has contributed tremendously to our organization during his tenure of almost 10 years. We understand this was not an easy decision for him to make, but appreciate the tremendous opportunity he has been offered and wish him the best," said Richard Keister, president and CEO of Keystone Automotive.

"This was a very difficult decision to make as I have truly enjoyed my experience with Keystone on both a professional and personal level. The company's financial condition has never been stronger and with expected record sales and earnings for the fiscal third quarter ended December 30, 2005, the company is well-positioned to capitalize on the numerous opportunities in the automotive aftermarket industry," Palumbo said.

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