People On The Move: Week Of Oct. 19

People On The Move: Week Of Oct. 19

A look back at personnel changes of the past week.

Mark Iasiello Joins Hart Marx Advisors As A Vice President

Iasiello will be specifically responsible for heavy duty market business development activities.

Read more here.

Team Car Care Appoints Steve Werner CEO

Werner moves into the position as Jeff Balagna, former CEO, transitions into a strategic advisor role on the Team Car Care board.

Read more here.

Magna Names Seetarama Kotagiri Chief Executive Officer

Don Walker, who served as CEO between 1994 and 2001, and since 2005, will retire at the end of 2020.

Read more here.

Canoo Appoints Tony Aquila Executive Chairman

Aquila is the founder, and former chairman and CEO of Solera Holdings, Inc.

Read more here.

Leadership Key To Continental’s Strength In North America

Ina Seterbakken is the plant manager leading the company’s new Aguascalientes plant.

Read more here.

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SMP Announces Q1 2024 Results

Net sales for the first quarter of 2024 were $331.4 million, compared to consolidated net sales of $328.0 million during the comparable quarter in 2023.

SMP Logo

Standard Motor Products, Inc. reported its consolidated financial results for the three months ended March 31, 2024.

Net sales for the first quarter of 2024 were $331.4 million, compared to consolidated net sales of $328.0 million during the comparable quarter in 2023, the company said. Earnings from continuing operations for the first quarter of 2024 were $9.9 million or $0.44 per diluted share, compared to $12.7 million or $0.57 per diluted share in the first quarter of 2023. Excluding non-operational gains and losses identified on the attached reconciliation of GAAP and non-GAAP measures, earnings from continuing operations for the first quarter of 2024 were $10.0 million or $0.45 per diluted share, compared to $13.4 million or $0.61 per diluted share in the first quarter of 2023.

GPC Acquires Largest NAPA Independent Store Owner in the US

Genuine Parts Company said the acquisition advances its strategic initiative to own more stores in priority markets.

GPC Acquires Largest NAPA Independent Store Owner in the US
APA Celebrates ‘Nitro Weekend Giveaway’ Promotion

From April 26-28, eight winners and their guests enjoyed an all-expense-paid trip to Charlotte, NC, to witness the NHRA Four Wide Nationals, including access to Kalitta Motorsport’s hospitality tent.

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Akebono Expands Severe Duty Disc Brake Pad Kits

Akebono said it expanded its severe-duty ultra-premium disc brake pad line by 14 new part numbers.

Akebono Releases New Severe Duty Ultra-Premium Disk Brake Pad Kits
Philips Ultinon Drive 5000 LED Lightbar Line Expands

Lumileds has expanded the Philips Ultinon Drive 5000 series to include eight models.

Philips Ultinon Drive 5000 LED Lightbar Line Expands to Include Eight Lightbars

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Genuine Parts Company Announces CEO Leadership Transition

Paul Donahue (at left) will transition from chairman and CEO to executive chairman. William Stengel, II, currently president and COO, will succeed Donahue as president and CEO of GPC and will serve as a member of the board of directors.

GPC Leadership Transition Paul Donahue Will Stengel
Continental Releases 67 New Part Numbers

Twenty-two new import part numbers, as well as 39 new pulley and tensioner part numbers, are immediately available.

Conti-HQ
Martin Joins AkzoNobel Automotive & Specialty Coatings

Brian Martin joins the company as business development manager for North America.

Brian Martin joins AkzoNobel Automotive & Specialty Coatings North America
Lubrication Specialties Announces Marketing Hire and Promotion

Matthew Steinmetz was named field marketing rep and Kaysie Keen was promoted to a newly created position of field marketing manager.

LSI Promotions