DOWNERS GROVE, Ill., July 9, 2007 (PRIME NEWSWIRE) -- Aftermarket Technology Corp. (Nasdaq:ATAC), today named Rick Stanley as President of its Drivetrain Group. Rick Stanley will lead ATC's Drivetrain business to the Company's strategic plan growth with light-duty automotive customers, medium- and heavy-duty industry customers and for those customers adopting the NuVinci CVP technology.
"We see continued opportunities to grow sales of our remanufactured drivetrain products across both our existing and potential customer bases. We expect Rick to capitalize on his experience to expand our global presence across the diversified markets we are pursuing for both our remanufactured products and new products, including innovative technology such as the NuVinci CVP," said Don Johnson, Chairman, President and CEO.
Rick Stanley, who will report directly to Don Johnson, has 29 years of relevant operational experience with international organizations serving both the light- and medium/heavy-duty vehicle markets. Most recently, Stanley was President of Remy Inc., the largest division of Remy International (formerly Delco Remy International), a global manufacturer of starters and alternators for automotive OEMs and the aftermarket, and the heavy- duty/industrial OE market and aftermarket. Rick Stanley grew the division from $500 million to nearly $800 million in an eight-year span primarily through organic growth via new products and business expansion with both existing and new customers, with acquisitions as well. Earlier in his career, Stanley worked for the Delco Remy Division of General Motors Corporation.
"Rick has a track record for growing businesses by diversifying the customer base and product portfolio and successfully improving both top and bottom line performance. He has extensive international experience spanning Latin America, Europe and Asia. He has had direct management responsibility for diverse functional areas such as operations, supply chain, finance, lean manufacturing/quality, product engineering, and sales and marketing. Rick's appointment is further evidence of our commitment to achieve the goals and objectives in our strategic plan," Don Johnson concluded.
For further information, please see the Company's periodic reports filed with the Securities and Exchange Commission.
ATC is headquartered in Downers Grove, Illinois. The Company provides outsourced engineered solutions and supply chain logistics services to the light and medium/heavy-duty vehicle aftermarket and consumer electronics industries.
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, 2006 and other filings made by the Company with the Securities and Exchange Commission.