Superior Industries International, Inc. (NYSE:SUP)
today announced the appointment of Donald J. Stebbins as president and chief executive officer, effective May 5, 2014, succeeding Steven J. Borick, who retired March 31, 2014. Stebbins also will join Superior’s board of directors, filling a vacancy as Borick steps off the board.
Donald J. Stebbins, President and Chief Executive Officer, Superior Industries International, Inc. (Photo: Business Wire)
Stebbins, 56, is an accomplished automotive industry executive, with more than 20 years of relevant experience, including serving as chairman and chief executive officer of Visteon Corporation, a Michigan-based publicly traded manufacturer of components for original equipment automotive manufacturers worldwide. Stebbins previously served as president and chief operating officer of the Americas and Europe/Asia/Africa and as senior vice president and chief financial officer for Detroit-based automotive supplier Lear Corporation. Earlier in his career, he held management positions with Bankers Trust Company, Citibank and First Chicago Corporation.
Stebbins currently serves on the boards of directors of ITT Corporation and WABCO Holdings Inc., both NYSE-listed companies. He earned an MBA degree from the University of Michigan and a bachelor of science degree in finance from Miami University.
“We are pleased to have attracted an executive of Don Stebbins’ caliber to lead Superior in its next stage of development,” said Margaret Dano, Superior’s chairman of the board. “Our board is confident that Don’s proven managerial skills, deep experience in the automotive industry and motivation for success will be instrumental in growing the company and enhancing shareholder value, as well as further strengthening our brand among customers and providing opportunities for all employees.
“On behalf of our board and management team, I extend all the best to Steven in his future endeavors,” Dano said. “Steven was preceded as CEO by his father, Louis, who founded Superior Industries in 1957. The Borick legacy will remain cherished and highly visible for years to come.”