Motorcar Parts of America, Inc. announced the resignation of Timothy D. Vargo from the company’s board of directors due to required time commitments and responsibilities related to his position as chief executive of Exide Technologies.
The board of Motorcar Parts of America has decided not to fill the vacancy as a result of the resignation. The board will now consist of nine directors, eight of whom are independent.
“We appreciate Tim’s contributions to our board. We understand Tim’s desire to focus his time and energy on this position, and wish him every success,” said Selwyn Joffe, chairman, president and chief executive officer of Motorcar Parts of America, Inc.
Motorcar Parts of America, Inc. is a remanufacturer, manufacturer and distributor of automotive aftermarket parts — including alternators, starters, wheel bearing and hub assemblies, brake master cylinders, brake power boosters, rotors, brake pads and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications.