This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Superior Industries Names Margaret S. Dano Chairman, Succeeding Steven J. Borick, Who Remains A Director

Superior Industries International, Inc. (NYSE:SUP) today announced the appointment of Margaret S. Dano, the company’s lead director, as chairman, succeeding Steven J. Borick, who is retiring from the company’s day-to-day operations, including his role as chief executive officer, effective March 31, 2014. Borick will remain on the board of directors.

Superior also today announced it has named its two executive vice presidents, Michael J. O’Rourke and Kerry A. Shiba, as interim co-CEOs, while the board completes its search for a CEO successor to Borick, 61.

Dano, 54, has served on Superior Industries’ board since January 2007 and as its lead director since 2010. She has chaired Superior’s nominating and corporate governance committee and served as a member of the audit committee. Dano previously held senior management positions at units of Honeywell International, Avery Dennison, Black and Decker and General Electric.

“Steve Borick has been an outstanding leader at Superior and for the automotive industry, serving as our CEO since 2005,” Dano said. “He has been instrumental in building a strong foundation for our company, one that will serve as a solid platform for the new leadership team. I am pleased that Superior will continue to benefit from his guidance as a continuing member of our board.”

O’Rourke, 53, joined Superior in 1987. He was named executive vice president in 2008 and holds responsibility for the company’s marketing, sales and operational functions. Shiba, 59, Superior’s chief financial officer, joined the company in 2010. He was promoted to executive vice president in 2012.

Superior said it is in the process of conducting interviews with potential CEOs, as well as additional board candidates. In December 2013, Superior announced the appointment to the board of James S. McElya, formerly chief executive officer and non-executive chairman of Cooper-Standard Holdings, Inc., a publicly traded supplier to the automotive industry. McElya currently is chairman of the board of Affinia Group, a supplier of automotive aftermarket parts.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,171.82 -107.92 -0.62%
S&P 500 1,994.57 -15.83 -0.79%
NASDAQ 4,525.5750 -54.2140 -1.18%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs