The Herald Bulletin

Morning Update

Local Business

February 2, 2013

Remy president steps down

Company's senior VP Pittas to take over

ANDERSON, Ind. — The president of Pendleton-based auto parts manufacturer and distributor Remy International, Inc., has stepped down.

John H. Weber, the company’s CEO for seven years, said Friday he’s stepping down, but will remain on the board of directors. Weber will be replaced by Remy Senior Vice President and Chief Commercial Officer John J. Pittas.

Weber said he decided to step down because “it is the right time for me personally to step back from day-to-day management responsibilities at Remy,” he said in a release.

Remy board chairman, William P. Foley II, said Weber “guided the company through some initially difficult times to its current position of financial strength and market leadership,” including stabilizing the business after bankruptcy and strengthening the company’s appeal in the global market.

For example, in December, Weber traveled to New York, where he rang the NASDAQ’s ceremonial opening bell to mark Remy’s debut on that market.

Remy stock had previously been traded previously over-the-counter, using the ticker name “RMYI.” But its NASDAQ debut, under the ticker name “REMY,” was the first time it would be traded publicly, on a centralized market.

Pittas, Weber’s replacement, has worked at Remy for seven years, and has experience in manufacturing, customer service, sales, technical support and process engineering, including international market development, the release said.

“I would like to thank John for his seven years of great leadership,” Pittas said. “I’m glad he will stay on the board at Remy, and I couldn’t ask for a better strategist and friend. I’m honored to accept this position and excited to help continue the success of the organization.”

Though based in Pendleton, Remy has global operations in 10 countries on five continents. Remy International’s products are marketed under the names Delco Remy and Remy.

Find Baylee Pulliam on Facebook, on Twitter @BayleeNPulliam or call 648-4250.

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