Motorcar Parts of America Announces Traditional Sales Promotion and New Appointment to Team

Rhea-AI Summary

Motorcar Parts of America (MPAA) announced key changes to its traditional sales team. Craig Meadows, with 28 years of automotive aftermarket experience, has been promoted to assistant vice president of traditional sales. Jake Boggs, bringing 20 years of industry experience, joins as director of traditional sales. The company's Quality-Built brake products are gaining market share in traditional channels, with management expressing optimism about the traditional market ahead of their participation in the Automotive Aftermarket Products Expo (AAPEX) in Las Vegas.

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• Quality-Built brake products showing market share gains in traditional channels

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• None.

LOS ANGELES--(BUSINESS WIRE)-- Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced the promotion of Craig Meadows and the addition of Jake Boggs to its traditional sales team in advance of the company’s participation at the Automotive Aftermarket Products Expo (AAPEX) being held in Las Vegas next week.

Craig Meadows (47), an industry veteran with more than 28 years of automotive aftermarket experience, has been promoted to assistant vice president of traditional sales. He joined the company in 2022 as a director of traditional sales.

Jake Boggs (44), an industry veteran with more than 20 years of traditional sales, digital marketing and supply chain experience, has been appointed a director of traditional sales. His industry experience includes multiple roles within the warehouse distribution channel -- including the Alliance Product Committee, CAWA and Pronto-Network Product Committee.

“Our brake-related products sold to traditional customers under the company’s Quality-Built brand continue to gain traction, and we expect to further leverage our industry position and our customer relationships to gain share. The addition of Jake Boggs to our team and the promotion of Craig Meadows underscore our optimism about the traditional market, and we look forward to a successful AAPEX show in Las Vegas next week,” said Ron Aparicio, vice president of traditional sales.

About Motorcar Parts of America

Motorcar Parts of America, Inc. is a remanufacturer, manufacturer, and distributor of automotive aftermarket parts -- including alternators, starters, wheel bearings and hub assemblies, brake calipers, brake pads, brake rotors, brake master cylinders, brake power boosters and diagnostic testing equipment utilized in imported and domestic passenger vehicles, light trucks, and heavy-duty applications. Its products are sold to automotive retail outlets and the professional repair market throughout the United States, Canada, and Mexico, with facilities located in California, New York, Mexico, Malaysia, China and India, and administrative offices located in California, Tennessee, Mexico, Singapore, Malaysia, and Canada. In addition, the company’s electrical vehicle subsidiary designs and manufactures testing solutions for performance, endurance, and production of multiple components in the electric power train – providing simulation, emulation, and production applications for the electrification of both automotive and aerospace industries, including electric vehicle charging systems. Additional information is available at www.motorcarparts.com.

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements. The statements contained in this press release that are not historical facts are forward-looking statements based on the company’s current expectations and beliefs concerning future developments and their potential effects on the company. These forward-looking statements involve significant risks and uncertainties (some of which are beyond the control of the company) and are subject to change based upon various factors. Reference is also made to the Risk Factors set forth in the company’s Form 10-K Annual Report filed with the Securities and Exchange Commission (SEC) in June 2024 and in its Forms 10-Q filed with the SEC for additional risks and uncertainties facing the company. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241031271367/en/

Gary S. Maier

Vice President, Corporate Communications & IR

310-972-5124

Source: Motorcar Parts of America, Inc.

FAQ

What recent appointments did Motorcar Parts of America (MPAA) make to its sales team?

MPAA promoted Craig Meadows to assistant vice president of traditional sales and appointed Jake Boggs as director of traditional sales.

How is Motorcar Parts of America's (MPAA) Quality-Built brand performing in the traditional market?

According to the company, their Quality-Built brake-related products are gaining traction in the traditional market, with expectations to further increase market share.

What experience do MPAA's new sales team members bring to the company?

Craig Meadows brings 28 years of automotive aftermarket experience, while Jake Boggs has over 20 years of traditional sales, digital marketing, and supply chain experience.