Motorcar Parts of America’s Brake-Related Program Continues to Gain Traction; Appoints Industry Veteran to Brakes Team
June 06 2024 - 8:30AM
Business Wire
Motorcar Parts of America, Inc. (Nasdaq:MPAA) today
announced continued success in the strategic evolution of the
company’s emerging brake-related product offerings.
To further enhance its strategic growth initiatives, the company
announced the appointment of Dan Lelchuk as a director of business
development for brake products. He will be focused on supporting
and enhancing the company’s brake caliper, brake pad and brake
rotor product offerings. An industry veteran, Lelchuk’s career
includes serving as president, chief executive officer and
co-founder of Centric Parts. Earlier in his career, he held a
variety of brake-related executive sales and marketing positions
for leading global automotive organizations.
“Dan Lelchuk’s background complements the company’s focus and
commitment to further accelerating its brake-related product sales
momentum. We look forward to benefiting from Dan’s industry
knowledge and experience, and to achieving continued success,” said
Selwyn Joffe, chairman, president and chief executive officer of
Motorcar Parts of America.
“Our reputation as a high-quality supplier of non-discretionary
aftermarket parts, coupled with capacity to meet increasing
customer demand, distinguishes our company. We expect to further
leverage our industry position and our customer relationships to
gain share across multiple product offerings, supported by an
industry-leading team and exceptional value-added service,” Joffe
added.
“I recently had the opportunity to tour the company’s
state-of-the art caliper operation and distribution facility in
Mexico. The facilities are amazing in scope and capabilities. Our
Quality-Built brake offerings provide a compelling differentiation
for customers to provide top-quality brake maintenance and repair
parts. I am thrilled to join this exceptional team of
professionals,” Lelchuk said.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240606447189/en/
Gary S. Maier Vice President, Corporate Communications & IR
310-972-5124
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