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Motorcar Parts of America Announces Promotion of VP Controller to Chief Accounting Officer and New Positions
LOS ANGELES--(BUSINESS WIRE)-- Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced the promotion of Kamlesh Shah to chief accounting officer,
About this update from Motorcar Parts Of America, Inc.
[{"type":"text","content":" LOS ANGELES--(BUSINESS WIRE)--\nMotorcar Parts of America, Inc. (Nasdaq:MPAA) today announced the promotion of Kamlesh Shah to chief accounting officer, succeeding Kevin Daly, who will serve as vice president, operational accounting, a newly created position.\n\n\nShah, 56, has served as vice president, corporate controller since 2008 -- joining the company in 2007 as assistant controller.\n\n\n“The changes are intended to bolster our accounting team and enhance our reporting systems and processes to support continued growth and profitability. We have a dynamic team of executives. Their depth of experience is exceptional, and their commitment to the company is impressive,” said Selwyn Joffe, chairman, president and chief executive officer.\n\n\n“We greatly appreciate Kevin’s contributions as chief accounting officer since 2008, and controller earlier in his tenure with the company. We look forward to benefiting from his new role, which will focus on operational accounting matters -- particularly the integration and consolidation of acquisitions and a focus on streamlining accounting processes,” Joffe said.\n\n\nIn addition to the changes noted above, the company announced the appointment of Ariel Sulit as assistant vice president, technical accounting -- a newly created position reporting to Kamlesh Shah. His experience includes technical accounting positions for Verizon; Philips Lighting; Corning; and Alcatel-Lucent Technologies, Inc., as well as serving for six years as a senior auditor for Ernst and Young’s office in the Philippines. A Certified Public Accountant, he earned a Bachelor of Science degree in accounting from the University of Santo Tomas in Manila, Philippines and a Master of Science degree in accounting from Babson College, Boston, Massachusetts.\n\n\nAbout Motorcar Parts of America, Inc.\n\n\nMotorcar Parts of America, Inc. is a remanufacturer, manufacturer and distributor of automotive aftermarket parts -- including alternators, starters, wheel bearing and hub assemblies, brake calipers, brake master cylinders, brake power boosters, rotors, brake pads and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications. In addition, the company designs and manufactures test solutions for performance, endurance and production testing of electric motors, inverters, al...