Richard Nawrocki Elected to Intermet Board of Directors
Intermet has added Richard Nawrocki to its board of directors. Nawrocki is president, CEO and board member of CMI-Management Services, a Southfield, Mich.-based holding company that manages a portfolio of diversified investments, corporations and subsidiaries, including metal-forming companies Tech Cast and CMI-Schneible.
Tier One Auto Supplier Microheat Restructures Management Team
Microheat, a Tier One automotive supplier and manufacturer of HotShot, a windshield snow and ice removal product set to debut on a wide range of 2006 vehicles, has restructured its management team. Solomon Franco, who founded the firm in 1998, stepped down as CEO and president on January 1. Peter Neustadter, one of the initial investors in Microheat, will serve as interim CEO and board chairman until the company recruits a permanent CEO. Neustadter said he expects the new CEO will be in place by April.