Aftermarket Technology Corp. Appoints Distribution Group President
20 March 2000
Aftermarket Technology Corp. Appoints Distribution Group President
WESTMONT, Ill., March 20 Aftermarket Technology Corp.
, a leading remanufacturer and distributor of drivetrain
products used in automotive repair, today announced the appointment of Frank
A. Papa as President of its Distribution Group, effective March 27th.
Papa, who will be based in Louisville, joins ATC's Distribution Group with
over 25 years of manufacturing and distribution management experience. Most
recently, he was Vice President, Worldwide Manufacturing and Distribution for
the Mechanics Tools Product Group for Stanley Works.
Prior to his experience at Stanley, Papa worked at the Sara Lee
Corporation, Kayser Roth Corp., Textron, and General Electric Company, holding
management positions in operations, distribution, quality assurance and
materials management. Mr. Papa has a Bachelor of Science in Industrial
Engineering from Lowell Technological Institute and a Masters in Business
Administration from the University of Massachusetts. Papa replaces Scott
Dalenberg who held the position of President, Distribution Group on an interim
basis since July 1999. Dalenberg will now lead new business development
initiatives, reporting to Mike DuBose.
In commenting on the Papa appointment, Mike DuBose, Chairman, President
and CEO said, "I am pleased to have Frank Papa join the ATC team. He brings
the right mix of expertise and experience necessary to continue the
Distribution Group's turnaround initiatives."
ATC is headquartered in Westmont, Illinois. The Company's principal
products include remanufactured transmissions, torque converters and engines,
as well as remanufactured and new parts for the repair of automotive
drivetrain assemblies. ATC also remanufactures electronic control modules,
instrument and display clusters and radios. In addition, the Company provides
third-party distribution and material recovery services.
The Company's customers include original equipment manufacturers and
independent transmission rebuilders, as well as wholesale distributors and
retail automotive parts stores. Established in 1994, the Company maintains
more than 60 distribution centers throughout the United States and Canada.
ATC posted 1999 revenues of $565.0 million.
The preceding paragraphs contain statements that are not related to
historical results and are "forward-looking" statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Forward-looking
statements include those that are predictive or express expectations, that
depend upon or refer to future events or conditions, or that concern future
financial performance (including future revenues, earnings or growth rates),
ongoing business strategies or prospects, or possible future Company actions.
Forward-looking statements involve risks and uncertainties because such
statements are based on current expectations, projections and assumptions
regarding future events that may not prove to be accurate. Actual results may
differ materially from those projected or implied in the forward-looking
statements. The factors that could cause actual results to differ are
discussed in the Company's Annual Report on Form 10-K for the year ended
December 31, 1998 and other filings made by the Company with the Securities
and Exchange Commission.