These changes will assure that we stay closely attuned to our customers' needs while improving communications throughout our global supply chain.
Ann Arbor, MI (PRWEB) August 7, 2008
As part of an organizational realignment focusing on customer needs by market segment, Affinia Group has named vice presidents of sales for its Global Filtration and Global Brake & Chassis business units.
Bill Sheehan has been named Vice President of Sales for Global Filtration, reporting to Keith Wilson, President of Global Filtration, and Tom Rafferty has been named Vice President of Sales for Global Brake & Chassis reporting to David Overbeeke, President of Global Brake & Chassis.
"Affinia's sales organization is taking on a new look as we more closely align our management and sales teams with specific market segments," said Terry R. McCormack, President and CEO of Affinia. "These changes will assure that we stay closely attuned to our customers' needs while improving communications throughout our global supply chain."
Sheehan has more than 25 years of experience in the aftermarket, having previously served as Vice President of Affinia's WIX branded products. A graduate of Boston College and a veteran of the U.S. Marine Corps Reserve, Sheehan has served in a number of sales management positions throughout his career. He will be based at WIX headquarters in Gastonia, N.C.
Rafferty, previously Director of Program Distribution for Affinia's brake and chassis business, also brings more than 25 years experience to his new position as Vice President of Sales for Global Brake & Chassis. During his career, he has served in sales and marketing management positions with leading aftermarket companies. He earned a bachelor of business degree from Western Illinois University and an MBA from Northern Illinois University. He will be based in McHenry, Ill.
Affinia Group Inc. is a global leader in the on- and off-highway replacement products and services industry. In North America the Affinia family of brands includes WIX® filters, Raybestos®, AIMCO® and Brake Pro® brake products, and McQuay-Norris® and Spicer® Chassis parts. South American and European brands include Nakata®, Filtron®, Urba® and Quinton Hazell®. For more information, visit http://www.affiniagroup.com.
Cautionary Note Regarding Forward-Looking Statements
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These forward-looking statements may include comments concerning our plans, objectives, goals, strategies, future events, future revenue or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, business trends and other information that is not historical. When used in this release, the words "estimates," "expects," "anticipates," "projects," "plans," "intends," "believes," "forecasts," or future or conditional verbs, such as "will," "should," "could" or "may," and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements, including, without limitation, management's examination of historical operating trends and data are based upon our current expectations and various assumptions. Our expectations, beliefs and projections are expressed in good faith and we believe there is a reasonable basis for them. However, there is no assurance that these expectations, beliefs and projections will be achieved. With respect to all forward-looking statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.
There are a number of risks and uncertainties that could cause our actual results to differ materially from the forward-looking statements contained in this release. Such risks, uncertainties and other important factors include, among others: our substantial leverage; limitations on flexibility in operating our business contained in our debt agreements; pricing and import pressures; the shift in demand from premium to economy products; our dependence on our largest customers; changing distribution channels; increasing costs for manufactured components, raw materials, crude oil and energy prices; our ability to achieve cost savings from our restructuring; increased costs in imported products from China and other low cost sources; the consolidation of distributors; risks associated with our non-U.S. operations; product liability and customer warranty and recall claims; changes to environmental and automotive safety regulations; changes to anti-dumping duty rates; risk of impairment to intangibles and goodwill; risk of successful refinancing if required; non-performance by, or insolvency of, our suppliers or our customers; work stoppages or similar difficulties could significantly disrupt our operations, and other labor disputes; challenges to our intellectual property portfolio; and our exposure to a recession. Additionally, there may be other factors that could cause our actual results to differ materially from the forward-looking statements.