Industry Press Releases

Motorcar Parts of America announces New Executive Appointments and Promotions

Tuesday, Jun 02, 2015
Pressreleases

Motorcar Parts of America, Inc. today announced several new appointments and promotions within the company's organization.

Peter Murnen joined the company as vice president of marketing. He previously served as global director of aftermarket braking for Federal-Mogul (Nasdaq:FDML). A graduate of Bowling Green State University, Murnen commenced his automotive career in Cleveland, Ohio with CARQUEST. His career experience has included sales, marketing and product management positions with Wagner Brake and Cooper Automotive.  The company also announced the appointment of Hasnain Dhala as a category manager of undercar parts. A 13-year veteran of the automotive industry, Dhala, previously worked at Hyundai as parts and accessories development manager. Prior, he worked for Kia Motors. The company also announced the appointment of Edwin Rosa as assistant vice president of manufacturing.  Rosa was previously operations director with Cardone Industries, a privately held company based in Pennsylvania.

Motorcar Parts of America also announced the following promotions:

  • •    Gary DelGreco, director of traditional sales from manager of traditional sales;
  • •   John Luck, director of merchandising from category manager, reporting to Ron Bernstein, vice president of merchandising.
     

"The new appointments and promotions underscore our commitment to attracting and retaining employees with the knowledge and dedication required for long-term customer relationships, which is the cornerstone of our success. We look forward to benefiting from the contributions of our new team members and the continued growth of our executive team," said Selwyn Joffe, chairman, president and chief executive officer of Motorcar Parts of America.

About Motorcar Parts of America

About Motorcar Parts of America, Inc. is a remanufacturer, manufacturer and distributor of automotive aftermarket parts -- including alternators, starters, wheel hub assembly products and brake master cylinders utilized in imported and domestic passenger vehicles, light trucks and heavy duty applications. Motorcar Parts of America's products are sold to automotive retail outlets and the professional repair market throughout the United States and Canada, with production facilities located in California, Mexico, Malaysia and China, and administrative offices located in California, Tennessee, Mexico, Singapore and Malaysia. Additional information is available at www.motorcarparts.com.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements. The statements contained in this press release that are not historical facts are forward-looking statements based on the company's current expectations and beliefs concerning future developments and their potential effects on the company. These forward-looking statements involve significant risks and uncertainties (some of which are beyond the control of the company) and are subject to change based upon various factors. Reference is also made to the Risk Factors set forth in the company's Form 10-K Annual Report filed with the Securities and Exchange Commission (SEC) in June 2014 and in its Forms 10-Q filed with the SEC for additional risks and uncertainties facing the company. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.

CONTACT:

Gary S. Maier
Maier & Company, Inc.
(310) 471-1288

 

investors.motorcarparts.com

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