CHAMPION PARTS, INC. PRESIDENT LEAVES
CHAMPION PARTS, INC. PRESIDENT LEAVES OAK BROOK, Ill., March 26 /PRNewswire/ -- Champion Parts, Inc.
(NASDAQ-NMS: CREB) announced today that Donato A. Savini, its president since 1986, has left the company to pursue other endeavors and that Charles P. Schwartz Jr., chairman of the board and chief executive officer, has also resumed the duties of the office of the president.
"We appreciate the long and able leadership Don Savini has provided Champion Parts since he joined the company 23 years ago. We value his friendship and wish him well in his future work," said Schwartz. Champion Parts is the country's largest independent automotive replacement parts manufacturer in the multi-billion-dollar automotive, truck and farm equipment aftermarket. It remanufactures, tests and distributes about 4 million parts each year throughout the U.S. and Canada. Its major products, representing some 80 percent of the sales volumes of rebuilt parts sold by automotive jobbers and retail outlets, include fuel system products, such as carburetors, and a wide line of automotive electrical and mechanical parts. The company currently employs about 1,750 men and women and operates three major plants in the U.S. and Canada. -0- 3/26/92 /CONTACT: Alex Tassos of Alex Tassos & Associates, 619-451-8784, for Champion Parts, Inc./ (CREB) CO: Champion Parts, Inc. ST: Illinois IN: AUT SU: PER
SM -- DE027 -- 2157 03/26/92 17:02 EST
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|Date:||Mar 26, 1992|
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