Attached files
file | filename |
---|---|
8-K - 8-K - SUPERIOR INDUSTRIES INTERNATIONAL INC | d132412d8k.htm |
Exhibit 99.1
News Release |
Superior Industries Announces the Retirement of James S. McElya from
the Board of Directors
SOUTHFIELD, MICHIGAN February 18, 2021 Superior Industries International, Inc. (NYSE:SUP), one of the worlds leading aluminum wheel suppliers for OEMs and the European aftermarket, today announced the retirement of James S. McElya from Superiors Board of Directors. Mr. McElya will not stand for re-election at the Companys 2021 Annual Meeting of Stockholders. He will continue to serve through the remainder of his current term.
We want to thank Jim for his insights and contributions to Superiors long-term success over the last eight years. He has been an invaluable member of Superiors Board and contributed significantly to the Companys performance and achievements during his tenure. He was instrumental in Superiors transformation from a regional automotive wheel manufacturer to a global leader in the design and manufacture of premium aluminum wheels to the automotive industry. We wish Jim the very best in all his future endeavors, said Tim McQuay, Chairman of the Superior Board of Directors. Going forward, our Board will continue to execute our plans to exercise strong corporate governance and ensure our Board represents a diverse set of opinions and skills to support long-term shareholder value.
Jim brought tremendous stature and experience to Superior that has been instrumental in steering our Companys strategy and driving operating performance, said Majdi Abulaban, Superior CEO. Further, his personal mentoring and guidance has been invaluable to me and the management team.
During his service, Mr. McElya led Superiors Compensation and Benefits Committee and, more recently, its Nominating and Corporate Governance Committee. I have enjoyed my time immensely on Superiors Board as it transformed into a global, innovative wheel manufacturer for the automotive industry. Further, the Companys expert navigation through the challenges brought on by the COVID-19 pandemic, including a complete shutdown of its manufacturing facilities, the successful restart of production and its ability to capitalize on the secular trends driving increased demand for its products was stunning. Under Majdi and Tims leadership, the Company is poised for long-term success as they execute the Companys value creation roadmap, commented Mr. McElya.
About Superior Industries
Superior is one of the worlds leading aluminum wheel suppliers. Superiors team partners with customers to design, engineer, and manufacture a wide variety of innovative and high-quality products utilizing the latest lightweighting and finishing technologies. Superior also maintains leading aftermarket brands including ATS®, RIAL®, ALUTEC®, and ANZIO®. Headquartered in Southfield, Michigan, Superior is listed on the New York Stock Exchange. For more information, please visit www.supind.com.
Contacts:
Superior Investor Relations:
Troy Ford
(248) 234-7104
Investor.Relations@supind.com