Superior Appoints Deven Petito to its Board of Directors
11 Janeiro 2024 - 10:00AM
Business Wire
Superior Industries International, Inc. (“Superior” or
the “Company”) (NYSE:SUP) today announced the appointment of Deven
Petito to its Board of Directors as an independent director,
effective as of January 11, 2024. With the addition of Mr. Petito,
the Board will be comprised of nine directors, eight of whom are
independent.
Tim McQuay, Chairman of the Board of Superior, commented, “We
are pleased to welcome Deven to Superior’s Board of Directors.
Deven brings a broad range of financial and capital markets
experience, as well as valuable perspective as the designee of one
of our largest shareholders. We look forward to benefiting from his
insights as we advance our strategy and generate long-term value
for our shareholders.”
Mr. Petito is a Management Committee Director of Mill Road
Capital Management LLC, where he has worked since 2014. Mill Road
Capital Management is an investment firm that manages multiple
funds with approximately $1.0 billion of assets under management.
The firm focuses on investing in, and partnering with, small
publicly traded companies in the U.S. and Canada. Mr. Petito is
responsible for leading public equity and private equity
investments for Mill Road’s funds. Before joining Mill Road, Mr.
Petito began his investing career in the private equity group at
Kohlberg Kravis Roberts & Co. (KKR). Prior to KKR, Mr. Petito
worked at Morgan Stanley in the firm’s investment banking division.
Mr. Petito holds an AB in Economics from Princeton University and
an MBA from Harvard Business School.
About Superior Industries
Superior is one of the world’s leading aluminum wheel suppliers.
Superior’s team collaborates with customers to design, engineer,
and manufacture a wide variety of innovative and high quality
products utilizing the latest light weighting and finishing
technologies. Superior also maintains leading aftermarket brands
ATS®, RIAL®, ALUTEC®, and ANZIO®. Headquartered in Southfield,
Michigan, Superior is listed on the New York Stock Exchange. For
more information, please visit www.supind.com.
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Superior Investor Relations: (248) 234-7104
Investor.Relations@supind.com
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