Superior Industries Announces Senior Management Promotion
VAN NUYS, Calif.--March 12, 2003--Superior Industries International, Inc. today announced the promotion of Michael O'Rourke to a newly created senior management position at the Company.Michael O'Rourke, formerly Vice President - Program Administration, has been named to the position of Senior Vice President - Sales Management. "Since he joined Superior in 1987, Mike has made many significant contributions to the continued growth of our business with GM and Ford, and was key in the development of our expanding relationship with DaimlerChrysler. As Senior Vice President - Sales Management, Mike will have primary responsibility for managing and expanding these critical customer relationships," Borick said.
"To sustain the exceptional performance Superior is known for, we must respond appropriately and with alacrity to the rapidly changing realities in the global automotive marketplace. This requires experienced, dedicated executives working as a team to make the most of our manufacturing expertise, solid market position, excellent relationships with customers and financial strength. We are pleased to reward Mike for his many contributions to Superior's success, and expect him to contribute significantly to our continued growth," Borick added.
About Superior Industries
Superior supplies aluminum wheels and other aluminum automotive components to Ford, General Motors, DaimlerChrysler, Audi, BMW, Isuzu, Land Rover, Mazda, MG Rover, Mitsubishi, Nissan, Subaru, Toyota and Volkswagen. For additional information, visit Superior's Web site at www.supind.com.
Forward-Looking Statements
This press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors and risks discussed from time to time in the company's Securities and Exchange Commission filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.