“AACF is pleased to welcome a caring and successful executive like Marko to the board,” said Lynn Parker, board president.
Kesseler has been tapped to lead the new aftermarket and ride performance company, and Wood will lead the powertrain technology company.
Magna’s advisory “say on pay” vote received 97.25 percent support based on proxies received prior to the meeting and votes cast in person at the meeting.
During its annual meeting of shareholders, Greg Henslee, who has served as the company’s CEO since February of 2005, was elected to serve as a director on the company’s board.
“The ATC board of governors and the ATC membership are fortunate to have Marylou join the board,” said Chris Gardner, AASA vice president.
David Overbeeke, president and CEO, Brake Parts Inc, was elected as the new MERA chairman, assuming responsibilities from Peter Butterfield, chairman and CEO, Omega Environmental Technologies.
Scholarships included on the board are provided by the Auto Care Association, Mitchell1, the Automotive Aftermarket Association Southeast, the Association of Diesel Specialists, the Automotive Parts & Services Association, the Bosch Community Fund and others.
Each board director will serve a three-year term and may be re-elected to serve two additional three-year terms.
Motorcar Parts of America’s board now consists of 10 directors, four of whom were appointed in the past year and nine of whom are independent.
The new chair is Chris Chesney, senior director, Customer Training, Advance Auto Parts – CARQUEST Technical Institute.
The newly appointed directors say they are eager to apply their wealth of industry knowledge, experience and contacts combined with their intense desire to help those in need to their AACF board duties in an effort to reach more beneficiaries and increase AACF’s recognition across the vast aftermarket landscape.