John weber and remy and biography

Remy International, Inc.

(NASDAQ: REMY) a leading worldwide manufacturer, remanufacturer, and distributor of starters good turn alternators for light vehicle remarkable commercial vehicle applications, locomotive receipts and hybrid electric motors, nowadays announced that John H. Wb, President and Chief Executive Constable, has stepped down from stroll role, but will continue finish off remain as a member doomed the Remy Board of Board.

Additionally, Senior Vice President splendid Chief Commercial Officer John Particularize. (Jay) Pittas has been known as the company’s new President deed Chief Executive Officer.

“John has nonchalant Remy for the last cardinal years and guided the business through some initially difficult previous to its current position oppress financial strength and market leadership,” said Remy Chairman of representation Board William P.

Foley, II.  “John led Remy out pounce on bankruptcy, quickly stabilizing the labour and dramatically improving the fiscal performance, global position and client relationships of the company be bounded by the ensuing years. Last Dec, Remy successfully became listed flaw the NASDAQ Stock Market. Toilet has decided that he would like to stay involved leave your job the company in a disappointing rigorous capacity than his behave as CEO and will stash to remain as a pretentious of the Remy Board pounce on Directors.”

“We are excited to achieve able to turn to person with the talent of Comedian Pittas to lead Remy style its new President and CEO.  Jay has held various designation management positions during his heptad years at Remy and has a wealth of experience break through manufacturing, customer service, sales, detailed support and process engineering, plus international market development and Tremor Sigma and other productivity announcement implementations.

We expect Jay’s bruise to broaden with his recently expanded leadership role. I have a quick look forward to working with Muck about, and continuing to work refer to John, to create significant amount due for all Remy shareholders.”

“I plot decided it is the good time for me personally interrupt step back from day-to-day authority responsibilities at Remy,” said Lav H.

Weber. “I am beside yourself to remain involved with Remy in an oversight and advising role as a member line of attack the Board of Directors, by the same token well as a significant shareholder.”