ADDING MULTIMEDIA Steven J. Borick Named Chief Executive Officer of Superior Industries.VAN NUYS, Calif. -- Superior Industries International, Inc. (NYSE NYSE See: New York Stock Exchange :SUP) announced today that Steven J. Borick has been named President and Chief Executive Officer effective January 1, 2005. He will succeed Louis Borick, who will remain Chairman of the Board. Louis Borick said, "Steven Borick has demonstrated his ability to effectively manage our complex operation. He has earned the trust and respect of our employees, our entire management team, and our customers. With his leadership and personal commitment to Superior's success, we are confident that Steven is the right choice to lead this company into the future." Steven Borick, 52 years old, has been President and COO of Superior since 2003. He was Executive Vice President from 2000 to 2002, and has been a Director since 1981. Borick is a Director and member of the Audit Committee of MDC Holdings M.D.C. Holdings, Inc. ("MDC"), whose subsidiaries build homes under the name "Richmond American Homes," is one of the top ten homebuilders in the United States, based on 2006 revenue. , Inc., Denver, Colorado, the nation's eighth largest home builder, and a Director of Richmond American Homes, Denver. He earned a B.A. in Business Administration from Western State College, Gunnison, Colorado Gunnison is a city in Gunnison County, Colorado, United States. As of the 2000 census, the city had a total population of 5,409. It is the county seat of Gunnison CountyGR6. The city was named after John W. in 1975. Borick is an active member of the Independent Petroleum Association of America and the American Petroleum Institute The American Petroleum Institute, commonly referred to as API, is the main U.S. trade association for the oil and natural gas industry, representing about 400 corporations involved in production, refinement, distribution, and many other aspects of the industry. . About Superior Industries Superior supplies aluminum wheels and other aluminum automotive components to Ford, General Motors, DaimlerChrysler, Audi, BMW BMW in full Bayerische Motoren Werke AG German automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s. , Isuzu, Jaguar, Land Rover See LANRover. , Mazda, MG Rover, Mitsubishi, Nissan, Subaru, Toyota, and Volkswagen. For additional information, visit www.supind.com. Forward-Looking Statements This press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors and risks discussed from time to time in the company's Securities and Exchange Commission filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. , and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. |
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