New President & CEO At Remy International
Remy International, Inc., the Pendleton, Ind.-based global manufacturer of new and remanufactured starters and alternators for light and commercial vehicles, locomotives and hybrid electric motors, announced that John H. Weber has stepped down as president and chief executive officer, but will remain on the company’s board of directors. John J. (Jay) Pittas, currently senior vice president and chief commercial officer will succeed Weber.
"John has led Remy for the last seven years and guided the company through some initially difficult times to its current position of financial strength and market leadership," said Remy Chairman William P. Foley, II. "John led Remy out of bankruptcy, quickly stabilizing the business and dramatically improving the financial performance, global position and customer relationships of the company in the ensuing years. John has decided that he would like to stay involved with the company in a less rigorous capacity than his role as CEO and will continue to remain as a director of the Remy board of directors."