Superior Industries International has announced that Don Stebbins, president and CEO and member of the board of directors, will retire effective Dec. 31. The company’s Chairman, Timothy McQuay, will assume all duties of the president and CEO effective immediately. The board has initiated an external search for a permanent successor.
“Don has played an integral role in transforming Superior into a leading global manufacturer of aluminum wheels. During his tenure with Superior, Don broadened the company’s product portfolio and capabilities, enhanced our North American footprint with the relocation of Superior’s headquarters to Michigan and the opening of a new manufacturing facility in Mexico, and most recently, spearheaded the acquisition of the company’s European operations, which diversified our revenue profile and unlocked new growth opportunities for Superior. The Board thanks Don for his contributions over the last several years and wishes him well in the future,” said McQuay.
Until a permanent CEO is identified, McQuay will lead the team in the continued execution of Superior’s strategy to further position Superior for growth, accelerate the integration of best practices across the organization, and enhance the company’s operations and financial performance. Superior’s full year 2018 financial outlook provided on Nov. 9 remains unchanged.
McQuay brings to this role his extensive experience garnered from his seven-year tenure on Superior’s board of directors. He currently serves as chairman of the board and sits on the nominating and corporate governance committee, which he chairs. In addition, he has served on a number of public company boards over the past 20 years. Prior to joining Superior’s board of directors, McQuay spent his career with financial services companies, including as managing director at Noble Financial Capital Markets, B. Riley and Co. and A.G. Edwards. In addition, he served as a member of the board of directors of Keystone Automotive Industries.
McQuay received a Bachelor of Arts degree in economics from Princeton University and a Master of Business Administration degree in finance from the University of California at Los Angeles.