Motorcar Parts of America has announced the resignation of Timothy Vargo from the company’s board of directors due to required time commitments and responsibilities related to his position as chief executive of Exide Technologies.
The Motorcar Parts of America board has decided not to fill the vacancy as a result of the resignation, and will now consist of nine directors, eight of whom are independent.
“We appreciate Tim’s contributions to our board. We understand Tim’s desire to focus his time and energy on this position, and wish him every success,” said Selwyn Joffe, chairman, president and CEO of Motorcar Parts of America.