ANDERSON, Ind., July 15 /PRNewswire/ -- Delco Remy International, Inc., is
pleased to announce the appointment of Craig Hart as Treasurer of the Company,
effective August 1, 2004. Hart will assume the duties of Treasurer from David
Stoll, who has announced his retirement, also effective August 1. Stoll
served as Vice President, Controller and Secretary from the Company's
inception and was elected Treasurer in 2000. Hart joined the Finance team in
1997 and was promoted to Assistant Treasurer in 2002.
(Photo: http://www.newscom.com/cgi-bin/prnh/20040715/DETH035-a
http://www.newscom.com/cgi-bin/prnh/20040715/DETH035-b )
Commenting on the appointment, Raj Shah Executive Vice President and Chief
Financial Officer said, "David has made numerous positive contributions to the
Company over the decade including significant progress in strengthening the
Company's liquidity and financial position. While David will be missed, I am
certain this will be an efficient and orderly transition. David and Craig
have worked as a team over the last several years and with the completion of
the recent refinancings, I am confident Craig will continue to provide the
leadership to support the Company's objectives of profitable growth and
improved liquidity and leverage."
Delco Remy International, Inc., headquartered in Anderson, Indiana, is a
leading designer, manufacturer, remanufacturer and distributor of electrical,
drivetrain / powertrain and related products for automobiles, light-duty
trucks, heavy-duty trucks and other heavy-duty off-road and industrial
applications. Products include starter motors, alternators, engines,
transmissions, torque converters and fuel systems. The Company also provides
exchange services for used components, commonly known as cores, for
remanufacturers. Delco Remy International, Inc. was formed in 1994 as a
partial divestiture by General Motors Corporation of the former Delco Remy
division, which traces its roots to Remy Electric, founded in 1896.
SOURCE Delco Remy International, Inc.
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Related links:
http://www.delcoremy.com
Photo Notes:
NewsCom:
http://www.newscom.com/cgi-bin/prnh/20040715/DETH035-a
http://www.newscom.com/cgi-bin/prnh/20040715/DETH035-b
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
Company News On-Call:
http://www.prnewswire.com/comp/111635.html
CONTACT:
Leah Campbell of Delco Remy International,
Inc., +1-765-778-6848
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