Safety Components International CEO John Corey Resigns, Takes Top Post at Stoneridge

The board of directors for Safety Components, a low-cost supplier of automotive airbag fabric and cushions, has voted to appoint Vice President and CFO Brian Menezes interim president and CEO, following the announcement that current President and CEO John Corey has resigned. Corey has accepted the position of president and CEO of Stoneridge, Inc., a publicly traded manufacturer of electronic parts and accessories for motor vehicles.

GREENVILLE, SC — The board of directors for Safety Components, a low-cost supplier of automotive airbag fabric and cushions, has voted to appoint Vice President and CFO Brian Menezes interim president and CEO, following the announcement that current President and CEO John Corey has resigned.

Corey has accepted the position of president and CEO of Stoneridge, Inc., a publicly traded manufacturer of electronic parts and accessories for motor vehicles. Corey has agreed to assist Safety Components over an interim period in order to help ensure an orderly transition.

Menezes has been vice president and CFO since September 1999. Prior to that time, he held various senior management positions including most recently vice president and general manager of Odyssey Knowledge Solutions, Inc., a Canadian software and systems development company focused on web-based e-commerce and enterprise solutions, and vice president of operations for Cooper Industries (Canada) Inc. Automotive Products, the largest supplier in the Canadian automotive replacement parts market.

Menezes’ interim position takes effect on Jan. 15.

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