Motorcar Parts of America Announces Appointment of Former Ford Executive to Board
January 04 2021 - 4:00PM
Business Wire
Motorcar Parts of America, Inc. (Nasdaq: MPAA) today
announced the appointment of Jamy Rankin to its board of directors
--reflecting the company’s strong commitment to board diversity and
solid corporate governance policies.
The Motorcar Parts of America board now consists of ten
directors, nine of whom are independent.
“Jamy offers a wealth of automotive aftermarket experience that
will be invaluable to the company as we continue to grow. We look
forward to her advice and counsel at an exciting time in the
company’s evolution,” said Selwyn Joffe, chairman, president and
chief executive officer of Motorcar Parts of America, Inc.
Rankin, 57, most recently served as president and chief
executive officer of Ford Component Sales, LLC, a wholly owned
subsidiary of Ford Motor Company -- overseeing component sales to
other original equipment manufacturers and the aftermarket
industry.
Rankin serves on the board of Bronner Brothers, Inc., one of the
largest private African American hair and skin care product
producers in the United States. She was a long-time member of the
board of visitors at Howard University School of Business.
Rankin holds a Bachelor of Science degree in industrial
engineering from the University of Pittsburgh and a Master of
Business Administration degree in marketing and strategy from the
University of Chicago. She received the Distinguished Alumni award
in 2014 from the University of Pittsburgh School of Industrial
Engineering, and currently serves on its board of visitors. She was
a long-time member of the Executive Leadership Council and is a
life member of the National Black MBA Association. Past honors
include being named one of the top women in the automotive industry
by On-Wheels magazine and receiving the National Women of Color
Technology award.
About Motorcar Parts of America
Motorcar Parts of America, Inc. is a remanufacturer,
manufacturer, and distributor of automotive aftermarket parts --
including alternators, starters, wheel bearing and hub assemblies,
brake calipers, brake master cylinders, brake power boosters,
rotors, brake pads and turbochargers utilized in imported and
domestic passenger vehicles, light trucks, and heavy-duty
applications. In addition, the company designs and manufactures
test solutions for performance, endurance and production testing of
electric motors, inverters, alternators, starters, and belt starter
generators for the OE, aerospace, and aftermarket. Motorcar Parts
of America’s products are sold to automotive retail outlets and the
professional repair market throughout the United States and Canada,
with facilities located in New York, California, Mexico, Malaysia,
China and India, and administrative offices located in California,
Tennessee, Mexico, Singapore, Malaysia, and Canada. 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 2020 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210104005779/en/
Gary S. Maier 310-972-5124
Motorcar Parts and Assoc... (NASDAQ:MPAA)
Historical Stock Chart
From Aug 2024 to Sep 2024
Motorcar Parts and Assoc... (NASDAQ:MPAA)
Historical Stock Chart
From Sep 2023 to Sep 2024