Motorcar Parts of America, Inc. recently announced the promotion of Kamlesh Shah to chief accounting officer, succeeding Kevin Daly, who will serve as VP, operational accounting, a newly created position.
Shah has served as VP, corporate controller since 2008 — joining the company in 2007 as assistant controller.
“The changes are intended to bolster our accounting team and enhance our reporting systems and processes to support continued growth and profitability. We have a dynamic team of executives. Their depth of experience is exceptional, and their commitment to the company is impressive,” said Selwyn Joffe, chairman, president and CEO.
“We greatly appreciate Kevin’s contributions as chief accounting officer since 2008, and controller earlier in his tenure with the company. We look forward to benefiting from his new role, which will focus on operational accounting matters — particularly the integration and consolidation of acquisitions and a focus on streamlining accounting processes,” Joffe said.
In addition to the changes noted above, the company announced the appointment of Ariel Sulit as assistant VP, technical accounting — a newly created position reporting to Kamlesh Shah. His experience includes technical accounting positions for Verizon, Philips Lighting, Corning and Alcatel-Lucent Technologies, Inc., as well as serving for six years as a senior auditor for Ernst and Young’s office in the Philippines. A certified public accountant, he earned a Bachelor of Science degree in accounting from the University of Santo Tomas in Manila, Philippines, and a Master of Science degree in accounting from Babson College, Boston, Massachusetts.