Superior Industries International, Inc. (NYSE:SUP) today
announced that Steven J. Borick will retire as chief executive officer
and president, scheduled for March 31, 2014, and that the board has
initiated a search for his successor.
Borick, 61, will remain chairman and assist with the management
transition. He has been CEO of the company since 2005 and chairman since
2007.
“My decision was based on a number of factors, primarily a desire to
have more time for personal interests, including philanthropic
activities,” Borick said. “I am gratified that over the last several
years, we worked diligently as a team to weather the recession, while
retaining our leadership position and posturing Superior for long-term
growth.”
Speaking on behalf of the board, lead director Margaret Dano said, “We
are appreciative of Steve’s tireless dedication to our company and to
the industry. His insight and meaningful contributions to Superior will
be a lasting legacy that will serve the company well for many years to
come.”
About Superior Industries
Superior is the largest manufacturer of aluminum wheels for passenger
cars and light-duty vehicles in North America. From its five plants in
both the U.S. and Mexico, the company supplies aluminum wheels to the
original equipment market. Major customers include Ford, General Motors,
Chrysler, BMW, Mitsubishi, Nissan, Subaru, Toyota and Volkswagen. For
more information, visit www.supind.com.
Copyright Business Wire 2013