Stoneridge Appoints New CFO
Stoneridge, Inc. has named Joseph Mallak as its new CFO, effective Sept. 14. Mallak replaces Kevin Bagby, who submitted his resignation on Aug. 31. Bagby has resigned to pursue other opportunities, according to the company.
AASA Partners with American Express Tax and Business Services to Co-Sponsor Automotive Aftermarket Executives Roundtable
American Express Tax and Business Services (TBS) announced that MEMA’s Automotive Aftermarket Suppliers Association (AASA) will co-sponsor the bi-annual Automotive Aftermarket Executives Roundtable on September 29, 2004 in Detroit, Mich., and September 30, 2004 in Chicago, Ill. The discussion will focus on A China Update: How to Succeed and will specifically cover current conditions, determining where are you in the world, knowing when to seek help, major business mistakes, developing a positive business relationship, communicating amongst your locations and tax planning.
National Pronto Association Adds Fourth New Shareholder This Year
National Pronto Association announced yesterday that Ken Smith Auto Parts has become the newest shareholder to join the programmed distribution group. Ken Smith Auto Parts is the fourth auto parts business this year to become a shareholder of National Pronto Association. It is the second company to join the group in recent weeks. According to Bill Maggs, president of National Pronto Association, these new additions are part of a concerted effort to build Pronto’s network throughout the country.
MEMA Elects New Chairman and Officers; Delphi’s Alan Dawes to Serve as 2004-2005 MEMA Chairman
Alan Dawes, vice chairman and CFO of Delphi Corp., has been elected 2004-2005 chairman of the Motor and Equipment Manufacturers Association (MEMA) Board of Directors. Outgoing MEMA Chairman Scott Meyer, who stepped down as president of Ken-Tool, was named MEMA president until a permanent president and CEO is found. As a result, Ronald Cutler, TRW Automotive, will continue to serve on the board as past chairman.
AAIA Factbook: U.S. Motor Vehicle Aftermarket Increased 3 Percent in 2003
The size of the U.S. motor vehicle aftermarket grew by 3 percent in 2003 to $244.6 billion, according to AAIA’s recently published 2004/2005 Aftermarket Factbook. The recovering U.S. economy increased the pace of consolidation in the aftermarket after three years of declines in acquisitions, according to the Factbook. A total of 48 reported mergers and acquisitions occurred among aftermarket businesses in 2003, an increase of 9 percent from 2002.
ThyssenKrupp Budd Names Three Corporate Vice Presidents
The Board of Directors of ThyssenKrupp Budd Co. has elected three new corporate vice presidents. Markus Boening has been named corporate vice president and CFO. He formerly served as director, corporate finance and controlling. He joined the company in December 2003 after serving as senior project manager in the Mergers & Acquisitions Department of ThyssenKrupp AG in Duesseldorf, Germany.
Delphi Steering Names New Finance Director
Delphi Corp. has named David Knill the new finance director for Delphi Steering, headquartered in Saginaw, Mich. In this new assignment, Knill joins the division’s executive staff and reports to Robert Remenar, Delphi vice president and president of Delphi Steering.Knill succeeds Doug Gruber, who was recently named business line executive for electrical/electronic distribution systems at Delphi Packard.
Cooper Tire and Rubber Realigns Tire Division
Cooper Tire and Rubber has announced five new executive appointments, as a result of a realignment within the company’s tire group. The realignment was designed to better focus on target markets, support the company’s strategic plan and ensure the right resources are in place to grow the tire business globally, the company said.
Executive Interview with Tony Perticari, Vice President of Sales and Marketing, Crown Remanufacturing
Our latest edition of “Executive Interview” features Tony Perticari, a 35-year veteran of the automotive parts industry. Perticari joined Philadelphia-based Crown Remanufacturing in 1986. He currently serves as vice president of sales and marketing for the company and is responsible for all NAFTA and overseas sales and marketing activities. Join us as Tony Perticari tells us what makes Crown tick, and what it takes to stay ahead of the pack. He also shares with us his predictions for the future of the reman industry, and the company.
Hayes Lemmerz Names Vice President, General Counsel and Secretary
Hayes Lemmerz International has named Patrick Cauley to the position of vice president, general counsel and secretary. Cauley, who was serving as the company’s interim general counsel, will continue to report to Curtis Clawson, chairman and CEO.