VAN NUYS, Calif. – Superior Industries International has announced the appointment of Donald Stebbins as president and CEO effective May 5, succeeding Steven Borick, who retired March 31. Stebbins also will join Superior’s board of directors, filling a vacancy as Borick steps off the board.
Stebbins, 56, is an accomplished automotive industry executive, with more than 20 years of relevant experience, including serving as chairman and CEO of Visteon Corp. Stebbins previously served as president and CEO of the Americas and Europe/Asia/Africa and as senior vice president and chief financial officer for Detroit-based automotive supplier Lear Corp. Earlier in his career, he held management positions with Bankers Trust Co., Citibank and First Chicago Corp.
Stebbins currently serves on the boards of directors of ITT Corp. and WABCO Holdings Inc., both NYSE-listed companies. He earned an MBA degree from the University of Michigan and a bachelor of science degree in finance from Miami University.
“We are pleased to have attracted an executive of Don Stebbins’ caliber to lead Superior in its next stage of development,” said Margaret Dano, Superior’s chairman of the board. “Our board is confident that Don’s proven managerial skills, deep experience in the automotive industry and motivation for success will be instrumental in growing the company and enhancing shareholder value, as well as further strengthening our brand among customers and providing opportunities for all employees.
“On behalf of our board and management team, I extend all the best to Steven in his future endeavors,” Dano said. “Steven was preceded as CEO by his father, Louis, who founded Superior Industries in 1957. The Borick legacy will remain cherished and highly visible for years to come.”
“I am pleased to be joining Superior Industries at an exciting time for the company and for the industry,” said Stebbins. “Superior is one of the great iconic brands in the automotive sector. I proudly look forward to leading the company and its outstanding team, as it continues to demonstrate the highest degree of professionalism, product excellence and customer service, and as together, we embark on a new era pursuing opportunities for growth and value creation.”
