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.
Local Business
Related Photos
-
John J. Pittas
Discussion
Remy president steps down
Company's senior VP Pittas to take over
- Local Business
-
-
Emmett Dulaney: First sports marketing camp starts in June
For the first time, Anderson University is offering a summer camp for high school students who are interested in learning about the field of sports marketing.
-
Charo Boyd: Social Security honors all who serve
Every day of the year, Americans across the nation remember friends and family members who have served and sacrificed for their country. Memorial Day is a day when we all come together to honor those who have given their lives in the defense of freedom and the principles we hold dear in this country.
-
Study reflects local hospital costs on par
It’s hard to say what’s worse — being hospitalized, or the bill that follows.
But in some places, that bill might be a bigger hit than others: Say, Monterey Park, Calif., for example, where an inpatient being treated for heart failure could expect to pay about twice the average between Madison County’s Community Hospital Anderson and St. Vincent Anderson Regional. -
News of Record: Divorce and bankruptcy filings
Divorce filings and bankruptcy filings recently for Madison County, as published Sunday in The Herald Bulletin:
-
Yard sale season means big business
Yard sale season is upon us, again.
In Ginnie Clevenger’s Pendleton neighborhood, it’s been a Pendle Hill homeowners’ association tradition since 1977, marked every year with a big banner and balloons tied to mailboxes. Saturday, between 15 and 20 homeowners had signed up to price-sticker their old clothes, video tapes, whats-a-whose-its and thing-a-ma-bobs, and spread them across their front lawns. -
Business People: May 19
Business People briefs, as published Sunday:
-
Big Joe Clark column: Competing with tax policy difficult in a changing world
Years ago, I received valuable insight into the eyes of the Internal Revenue Service.
A client was being audited, and I saw the writing on the wall of the financial impact if the fines were truly assessed. -
Anytime Fitness pumps up with remodel
Anytime Fitness, the Anderson gym in Applewood Centre, is being reinvented.
In less than a week, a massive overhaul has added more high-tech fitness gear, a new color scheme and 1,000 square feet of floor space. -
“Paddle protest” travels White River
A rainy morning did not keep about 50 environmentalists from kayaking and canoeing Saturday in protest of the proposed Mounds Lake Reservoir.
-
Willowcrest Park ‘first of its kind’
A vision Rob Loose conceived 11 years ago became reality Friday.
Loose, the president of Loose Funeral Homes and Crematory, christened The Gardens at Willowcrest Park, the state’s first stand-alone cremation garden. Loose and his wife Jane hosted the opening ceremony behind the funeral home and next to the new garden. - More Local Business Headlines
-
Emmett Dulaney: First sports marketing camp starts in June
