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Oshkosh Truck Corp. Promotes Szews to President and COO, Sagehorn to CFO

Oshkosh Truck Corp. has promoted Charles Szews from executive vice president and chief financial officer to president and chief operating officer of the company, effective Oct. 1. In addition, David Sagehorn has been promoted from vice president and treasurer to executive vice president, chief financial officer and treasurer, also effective Oct. 1.

Littelfuse Elects New Director

DES PLAINES, IL — Littelfuse, Inc. elected T.J. Chung, 44, to the company’s board of directors. Chung is president and CEO of Navman Wireless, a fleet management solutions and GPS technologies company. “We are very pleased to welcome T.J. Chung to our board of directors. T.J. has extensive experience with technology companies worldwide, especially in

Icahn Boosts Lear Bid, but Foes Aren’t Buying

From Detroit Free Press Headed toward a showdown against some other Lear Corp. shareholders next week, billionaire financier and legendary corporate raider Carl Icahn reluctantly raised his bid Monday for the Southfield, MI-based maker of automotive seats. But Icahn’s new bid — $37.25 per share instead of $36 — wasn’t enough to change the minds

Eisbrenner Public Relations Launches Automotive Restructuring Competency

Eisbrenner Public Relations has created a restructuring competency to provide strategic communications support for automotive suppliers undergoing restructuring efforts. Eisbrenner will offer companies assistance with implementing effective communications during all restructuring efforts, including acquisitions, mergers, expansions, downsizings and bankruptcies.

ArvinMeritor Names Rakesh Sachdev President of Asia Pacific

TROY, MI — Rakesh Sachdev has been named president of Asia Pacific for ArvinMeritor, effective immediately. Sachdev will report directly to ArvinMeritor’s Chairman, Chief Executive Officer and President, Charles "Chip" McClure. "Rakesh has been a long-standing and integral member of ArvinMeritor’s executive management team with extensive experience in several areas including, operations, finance, strategy, and

Acquisitions Panelists to Offer Practical Advice at PBES

BETHESDA, MD – Five prominent multi-location PBE jobbers will offer "practical advice for growing your PBE distribution business through acquisition" during the 2007 Spring Conference of the Paint Body & Equipment Specialists (PBES), May 15-17, at the Hyatt Regency in Newport Beach, CA. Panelists will include Roger Howe, Wesco Group; Joe Mattos, Mattos Pro Finishes;

Top 20 Super Stores

After several years of mega mergers among the nation’s largest store owners, 2007 proved to be an anomaly: Among the 20 largest store chains in the U.S, not a single one was acquired. That’s not to insinuate that acquisitions didn’t occur; in fact, 2006 posted the greatest overall store count growth for the top 20 store chains in the last five years. As a group, total store counts grew by more than six percent.

Jim Betournay Named VP of Sales, Canada for Beck/Arnley

SMYRNA, TN – Jim Betournay has joined Beck/Arnley as the vice president of sales, Canada. In his new position, Betournay is responsible for the Canadian sales efforts for the company. He reports to Vince McMahon, vice president and general manager of Beck/Arnley. “As a veteran of the automotive aftermarket, we feel extremely fortunate to have

Delphi Talks Likely to Go Past Deadline

A deadline that threatens a key cash infusion for struggling auto parts maker Delphi Corp. likely was to pass with no agreement between the company, its unions, General Motors Corp. and a group of investors, a person familiar with the negotiations said on Wednesday. The person, who asked not to be identified for fear of jeopardizing the negotiations, said talks were under way and likely will continue past Wednesday’s deadline into February or beyond because investors have no intention of walking away from the deal.

Former Pep Boys CEO Larry Stevenson Named Managing Director of Canadian Private Equity Firm

Toronto-based private equity firm Callisto Capital LP has appointed former Pep Boys CEO Larry Stevenson as managing director. Most recently Stevenson was the CEO of Pep Boys, a $2 billion automotive services and retail company. Stevenson resigned from Pep Boys in July of 2006, amid pressure from the company’s two largest shareholders to turn around the business and prop up falling stock prices.