Standard Motor Products, Inc. Announces the Passing of Director John Gethin

Rhea-AI Summary

Standard Motor Products (NYSE: SMP) announced the passing of John P. Gethin, a former President and COO, at the age of 74 on June 27, 2022, in San Diego, CA. Gethin, who joined SMP in 1995, served in various roles and was appointed to the Board of Directors in March 2016 after his retirement. Chairman Lawrence I. Sills expressed profound sadness over Gethin's loss, highlighting his contributions and guidance to the company. The press release also included a caution regarding forward-looking statements and related risks.

Positive

• John Gethin contributed significantly to SMP's growth and strategic direction during his tenure.
• Gethin's leadership experience may leave a positive legacy within the company's culture.

Negative

• The passing of a key director could lead to potential uncertainty in future strategic decisions.
• Loss of Gethin's experience and perspective may affect employee morale and company stability.

NEW YORK, June 27, 2022 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, is saddened to announce the passing of a member of our Board of Directors and former President and Chief Operating Officer, John P. Gethin. John died peacefully at the age of 74 on Monday, June 27, 2022, at his home in San Diego, CA.

Mr. Lawrence I. Sills, Standard Motor Products' Chairman, stated, "It is with profound sadness that we announce the passing of our long-time friend and colleague, John Gethin. John joined SMP in 1995 and served in various capacities including President and Chief Operating Officer.  In March 2016, upon his retirement from Standard, John was appointed to our Board of Directors, where he was a great contributor thanks to his extensive business experience and unique perspective. We will greatly miss his spirit, support and guidance to our company and our employees. I will dearly miss my friend, and everyone at SMP joins me in extending our deepest condolences to his family at this sad time."

Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Standard Motor Products cautions investors that any forward-looking statements made by the company, including those that may be made in this press release, are based on management's expectations at the time they are made, but they are subject to risks and uncertainties that may cause actual results, events or performance to differ materially from those contemplated by such forward looking statements. Among the factors that could cause actual results, events or performance to differ materially from those risks and uncertainties discussed in this press release are those detailed from time-to-time in prior press releases and in the company's filings with the Securities and Exchange Commission, including the company's annual report on Form 10-K and quarterly reports on Form 10-Q.  By making these forward-looking statements, Standard Motor Products undertakes no obligation or intention to update these statements after the date of this release.

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SOURCE Standard Motor Products, Inc.

FAQ

What happened to John P. Gethin of Standard Motor Products?

John P. Gethin passed away on June 27, 2022.

What was John Gethin's role at Standard Motor Products?

He served as President, COO, and later as a Board Director.

When did John Gethin retire from Standard Motor Products?

He retired in March 2016.

How old was John Gethin when he passed away?

He was 74 years old.

What impact could John Gethin's passing have on SMP?

His loss may lead to uncertainty in strategic decisions and affect employee morale.