Holley, the largest and fastest-growing platform for performance automotive enthusiasts, has announced that Vinod (Vinny) Nimmagadda has been appointed executive vice president of Corporate Development and New Ventures. Nimmagadda, an experienced investment banker, will serve as a member of the executive leadership team and report directly to President and CEO Tom Tomlinson.
“I am pleased to welcome Vinny Nimmagadda as our new EVP,” said Tomlinson. “Vinny brings eight years of M&A experience in the performance automotive aftermarket with specific focus on the enthusiast consumer. His experience and interests mesh nicely with our M&A strategy, consumer focus, and commitment to innovation, and he will play a key role driving our inorganic growth.”
Prior to joining the Holley team, Nimmagadda served as vice president at Jefferies Group LLC, in the Global Automotive Aftermarket team, where he played an important role in many of the most-defining M&A transactions, financings and equity offerings in the performance automotive aftermarket.
In addition to his investment banking experience, Nimmagadda is an avid automotive enthusiast. His personal involvement in the automotive lifestyle will inform and influence the company’s strategy as it continues to focus on attracting even more enthusiasts to its brands and products.
“I am honored and excited to join the Holley team. It’s a privilege to be a part of a platform built by enthusiasts for enthusiasts with such a strong financial profile. I love this industry and look forward to having a positive impact as we explore opportunities to nurture and grow enthusiast communities within the performance aftermarket,” said Nimmagadda.
Nimmagadda graduated from Columbia University, where he earned a bachelor’s degree in Financial Economics. While at Columbia, he also served as president of the University’s chapter of the Society of Automotive Engineers and led a team of engineering students which competed nationally in the Formula SAE series.