Motorcar Parts of America Announces Senior Sales Executive Transition

Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced the promotion of Jamie Cook to senior vice president of sales and marketing, effective immediately -- succeeding Rick Mochulsky who will transition to a new role as senior vice president of business development.

Cook, (54), has served as vice president of retail sales since 2012. She joined Motorcar Parts of America in 2007 as national sales manager and has been involved in the automotive aftermarket industry since 1993. Cook is a member of the Automotive Sales Council, an industry trade organization dedicated to the exchange of ideas and issues impacting the automotive aftermarket industry. She also currently serves as a member of Women in Auto Care, an organization dedicated to engaging and educating women for industry careers, and has participated in numerous other industry associations throughout her career.

“We appreciate Rick’s considerable contributions to the company during his 19-year tenure with our organization. He is an industry veteran and has been an important mentor to the entire sales and marketing team. We look forward to continuing to benefit from his industry knowledge and customer-centric focus as he transitions to his new role.

“Jamie is well-respected by our automotive aftermarket retail and professional market customers. She is a dedicated professional and committed to the company’s strategic growth and competitive industry position. We know her dedication and commitment to excellence will continue on a daily basis, and we look forward to ongoing success for her and the entire organization,” said Selwyn Joffe, chairman, president and chief executive.

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 pads, brake rotors, 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 2023 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/20240118556344/en/

Gary S. Maier Vice President, Corporate Communications & IR 310-972-5124

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