VAN NUYS, CA — Superior Industries International has announced the retirement of Jeff Ornstein from his position as chief financial officer and a member of the company’s board of directors. Ornstein, 65, joined the company in 1984 as CFO and was named to the Board in 1991. Emil "Bud" Fanelli, vice president and corporate controller since 1997, has been named acting CFO pending the recruitment of a permanent successor.
President and CEO Steven Borick said, "Jeff Ornstein helped guide our company through periods of rapid growth and, more recently, a major restructuring that has positioned Superior as a truly global company. Jeff has agreed to be available for consultation for a period of time beginning immediately. We thank Jeff for his dedicated service and outstanding performance as CFO, and wish him the best in his well-earned retirement.
"As a Corporate Controller for more than 25 years, Bud Fanelli, 65, has thorough knowledge of financial reporting and disclosure requirements, and we are confident of a seamless transition under his leadership."
For additional information about Superior Industries, visit: http://www.supind.com.