CHICAGO – Mort Schwartz, founder and chairman emeritus of the Global Automotive Aftermarket Symposium (GAAS), has announced the retirement of current GAAS chairman Dave Caracci and the appointment of Dennis Welvaert as the new chairman.

Caracci, who has served as chairman of GAAS since 2007, will work together with Welvaert during the next three months. The transition of leadership will be completed during Industry Week in Las Vegas when Welvaert takes over full-time as chairman on Nov. 1.

"I’m thrilled to announce that Denny will be taking over as GAAS chairman," said Schwartz. "I know he will carry on the great tradition of keeping GAAS at the forefront of the aftermarket. Dave Caracci did an outstanding job, and I’m confident that Denny will do the same."

Welvaert has been the president of the North American aftermarket division of Dayco since 2003. He will officially retire from the company at the end of August. Welvaert has been with the company for 30 years and has held numerous executive-level positions in the OEM, industrial and aftermarket divisions of Dayco. He is a recipient of the AWDA Pursuit of Excellence Award and Northwood University’s Aftermarket Management Education Award. He holds the designation of Master Automotive Aftermarket Professional (MAAP) from Northwood University’s University of the Aftermarket. He’s held numerous leadership positions with various aftermarket associations.

"I’ve had the privilege of attending GAAS for a number of years," said Welvaert. "I’m delighted to take over as GAAS chairman after my retirement from Dayco. I look forward to building upon the strong foundation that Mort, Dave and others have built. It is the best event in the aftermarket for education and networking, and I hope to bring some fresh ideas to make it even better."

A former executive of Bosch and other distinguished aftermarket companies, Caracci’s industry experience includes service as past president of the National Engine Parts Manufacturers Association, past Chairman of the Engine Repower Council, past president of the Automotive Sales Council, director on the board of the Car Care Council and past chairman of AAIA.

"When I was handed the keys to GAAS four years ago, my goal was to continue the tradition of producing an outstanding educational event," said Caracci. "I think we’ve succeeded. I wish Denny all the best and look forward to working with him over the next few months during the transition."