Steven J. Borick Named Chief Executive Officer of Superior Industries
VAN NUYS, Calif.--Nov. 2, 2004--Superior Industries International, Inc. announced today that Steven J. Borick has been named President and Chief Executive Officer effective January 1, 2005. He will succeed Louis Borick, who will remain Chairman of the Board.Louis Borick said, "Steven Borick has demonstrated his ability to effectively manage our complex operation. He has earned the trust and respect of our employees, our entire management team, and our customers. With his leadership and personal commitment to Superior's success, we are confident that Steven is the right choice to lead this company into the future."
Steven Borick, 52 years old, has been President and COO of Superior since 2003. He was Executive Vice President from 2000 to 2002, and has been a Director since 1981.
Borick is a Director and member of the Audit Committee of MDC Holdings, Inc., Denver, Colorado, the nation's eighth largest home builder, and a Director of Richmond American Homes, Denver. He earned a B.A. in Business Administration from Western State College, Gunnison, Colorado in 1975. Borick is an active member of the Independent Petroleum Association of America and the American Petroleum Institute.
About Superior Industries
Superior supplies aluminum wheels and other aluminum automotive components to Ford, General Motors, DaimlerChrysler, Audi, BMW, Isuzu, Jaguar, Land Rover, Mazda, MG Rover, Mitsubishi, Nissan, Subaru, Toyota, and Volkswagen. For additional information, visit .
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.