PENDLETON, Ind. -- Remy International announced that Fred Knechtel has joined the company as senior vice president and chief financial officer (CFO).

Knechtel replaces Doug Laux, who served as senior vice president and chief financial officer for the past two years and is leaving to pursue other endeavors.

Knechtel was most recently CFO at Stanley Bostitch, a $550 million division of Stanley Works. He has a vast amount of financial experience at Northrup Grumman, Stern Stewart, Millennium Chemicals and DuPont Teijin Films.

John Weber, president and CEO of Remy International, stated, "I am very excited to have Fred join our company. His unique background in engineering and finance will be a great asset to Remy International."

Knechtel has a bachelor's degree in mechanical engineering from Stonybrook University, and an MBA from Hofstra University.