Motorcar Parts of America Announces Appointment of Veteran International Executive to Board
February 01 2022 - 8:00AM
Business Wire
Motorcar Parts of America, Inc. (Nasdaq: MPAA) today
announced the appointment of Patricia (Tribby) W. Warfield to its
board of directors --reflecting the company’s strong commitment to
board diversity, experience, and solid corporate governance
policies.
The Motorcar Parts of America board now consists of 11
directors, 10 of whom are independent.
“Tribby offers a wealth of automotive, industrial and
distribution experience that will be invaluable to the company as
we continue to benefit from the company’s global footprint. We look
forward to her advice and counsel at an exciting stage in the
company’s evolution, which today includes numerous complementary
and high-demand product line offerings supported by favorable
market dynamics,” said Selwyn Joffe, chairman, president and chief
executive officer of Motorcar Parts of America, Inc.
Warfield, 62, most recently served as chairman and chief
executive officer of APC Automotive Technologies, overseeing a
restructuring and a strategic refocusing on braking and
exhaust-related products. Earlier, she served as senior vice
president, business development and strategy for Nitta Corporation,
a Japanese global provider of power transmission and conveyor
belting products for Europe, the Middle East & Africa.
Previously, Warfield held dual positions at Kaman Corporation
(NYSE: KAMN), as senior vice president and general manager
for Kaman Fluid Power and Kaman Automation. Her career includes 25
years with the Gates Corporation (NYSE:GTES) and 11
consecutive years in Europe in key senior management and
operational positions, serving in Belgium, Germany, and the United
Kingdom.
Warfield currently serves on the board of two private
equity-sponsored global diversified manufacturing portfolio
companies. She is an advisor board member of the University of
Colorado Denver Business School, and formally served as an adjunct
professor at the Daniels College of Business at the University of
Denver. She is a member of the National Association of Corporate
Directors, as well as The Committee of 200, comprised of the
world’s most successful women entrepreneurs and corporate
innovators.
Warfield graduated cum laude with a bachelor’s degree in
Business Administration from National University, San Diego.
About Motorcar Parts of America
Motorcar Parts of America, Inc. is a remanufacturer,
manufacturer, and distributor of automotive aftermarket parts --
including alternators, starters, wheel bearings and hub assemblies,
brake calipers, brake master cylinders, brake power boosters,
turbochargers, and diagnostic testing equipment utilized in
imported and domestic passenger vehicles, light trucks, and
heavy-duty applications. Its products are sold to automotive retail
outlets and the professional repair market throughout the United
States, Canada, and Mexico, with facilities located in California,
New York, Mexico, Malaysia, China and India, and administrative
offices located in California, Tennessee, Mexico, Singapore,
Malaysia, and Canada. In addition, the company’s electrical vehicle
subsidiary designs and manufactures testing solutions for
performance, endurance, and production of multiple components in
the electric power train – providing simulation, emulation, and
production applications for the electrification of both automotive
and aerospace industries, including electric vehicle charging
systems. 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 2021 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220201005570/en/
Gary S. Maier 310-972-5124
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