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Dorman Products Inc (DORM.OQ)

DORM.OQ on NASDAQ Stock Exchange Global Select Market

85.35USD
25 Sep 2020
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$1.31 (+1.56%)
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Summary

Name Age Since Current Position

Steven Berman

60 2019 Executive Chairman of the Board

Kevin Olsen

48 2019 President, Chief Executive Officer, Director

David Hession

51 2019 Chief Financial Officer, Senior Vice President, Treasurer

Michael Kealey

45 2017 Executive Vice President - Commercial

Joseph Braun

45 2019 Senior Vice President, General Counsel, Corporate Secretary

Jeffrey Darby

52 2011 Senior Vice President - Sales and Marketing

John McKnight

2019 Senior Vice President, Global Operations

Paul Lederer

80 1998 Lead Independent Director

John Gavin

64 2016 Independent Director

Richard Riley

64 2010 Independent Director

Kelly Romano

58 2017 Independent Director

G. Michael Stakias

70 2015 Independent Director

Biographies

Name Description

Steven Berman

Mr. Steven L. Berman serves as Executive Chairman of the Board of the Company. Mr. Berman has more than 40 years of experience in the automotive aftermarket industry and has been involved with the Company since its formation, including over 40 years in management of the Company. He has the requisite skills to serve in his executive capacities including particular skills and knowledge in marketing, finance, product development, vendor relations and strategic business management. Mr. Berman maintains strong relationships with the Company’s customers and has the ability to connect industry trends, market events, strengths and weaknesses of competitors, the impact of new market entrants and the ability to define a strategic path. In addition, he has demonstrated the ability to convert a high-level strategy into an executable operating plan. As a result of his positions with the Company, he also has intimate knowledge of the Company’s business, results of operations and financial condition, which enables him to provide unique insights into the Company’s challenges, opportunities, risks and operations.

Kevin Olsen

Mr. Kevin M. Olsen serves as President, Chief Executive Officer, Director of the Company. Mr. Olsen joined the Company in July 2016 as Senior Vice President and Chief Financial Officer. He became Executive Vice President, Chief Financial Officer in June 2017, President and Chief Operating Officer in August 2018 and President and Chief Executive Officer in January 2019. Prior to joining the Company, Mr. Olsen was Chief Financial Officer of Colfax Fluid Handling, a division of Colfax Corporation, a diversified global manufacturing and engineering company that provides gas and fluid-handling and fabrication technology products and services to commercial and governmental customers around the world, from January 2013 through June 2016. Prior to joining Colfax, he served in progressively responsible management roles at the Forged Products Aero Turbine Division of Precision Castparts Corp, Crane Energy Flow Solutions, a division of Crane Co., Netshape Technologies, Inc., and Danaher Corporation. Prior thereto, Mr. Olsen performed public accounting work at PricewaterhouseCoopers LLP.

David Hession

Mr. David M. Hession serves as Chief Financial Officer, Senior Vice President, Treasurer of the Company. He joined the Company in February 2019 and was appointed to serve as the Company’s Senior Vice President and Chief Financial Officer effective March 2019. Mr. Hession was also appointed Treasurer in May 2019. Mr. Hession was Vice President, Chief Financial Officer of Johnsonville, LLC, a privately held manufacturer of sausage and other protein products, from May 2013 to January 2019. Prior to that time, Mr. Hession worked at McCormick & Company, Inc., a global leader in the manufacture, marketing and distribution of spices, seasonings and flavors to the entire food industry, where he served in various positions of increasing responsibility including, most recently, as Vice President Finance & Administration. Mr. Hession also previously held positions with Tradeout, Inc., a business-to-business Internet exchange for surplus inventory and fixed assets, and Xylum Corporation, a development stage medical device manufacturer, and he performed management consulting work for Ernst & Young, LLP and Peterson Consulting LP.

Michael Kealey

Mr. Michael B. Kealey serves as Executive Vice President - Commercial of the Company. He joined the Company in November 2002, as a Product Manager. He became Executive Vice President, Commercial in June 2017. He previously held the positions of Senior Vice President, Product from February 2011 through May 2017, Vice President – Product from January 2007 through January 2011, and Director – Product Management from April 2003 through December 2006. Prior to joining the Company, Mr. Kealey was employed by Eastern Warehouse Distributors, Inc., a distributor of automotive replacement parts, most recently as Vice President – Purchasing.

Joseph Braun

Mr. Joseph P. Braun serves as Senior Vice President, General Counsel, Corporate Secretary of the Company. Prior to joining the Company, Mr. Braun served as Chief Legal Officer and Corporate Secretary of Avantor, Inc., a leading, global provider of mission-critical products and services to customers in the life sciences and advanced technologies and applied materials industries. He has held a number of positions of increasing responsibility in his career, including, more recently, as Vice President, Mergers & Acquisitions at Tyco International plc (now known as Johnson Controls International plc), which was a leading global provider of security, fire detection and suppression, and life safety products and services. Mr. Braun began his legal career in private practice at various law firms, where he advised public and private companies on mergers and acquisitions and securities and corporate governance matters.

Jeffrey Darby

Mr. Jeffrey L. Darby serves as Senior Vice President - Sales and Marketing of the Company. He joined the Company in November 1998 as a National Account Manager. He became Senior Vice President, Sales and Marketing in February 2011. He previously held the positions of Group Vice President from 2008 to 2010 and Vice President of Sales – Traditional and Key Accounts from 2006 to 2008. Prior to joining the Company, Mr. Darby worked for Federal Mogul Corporation/Moog Automotive, an automotive parts supplier, beginning in 1990

John McKnight

Mr. John McKnight is Senior Vice President, Global Operations of the Company. Mr. McKnight is an accomplished executive with more than 25 years of operations experience in various industries, including Petrochem, Oil & Gas, Metals & Minerals, Aerospace & Defense, Material Handling, Industrial and Automotive. Mr. McKnight joins Dorman from his post as Chief Operating Officer at Morgan Corporation, a producer of truck and van bodies in North America. Prior to Morgan, he held a number of positions of increasing responsibility in his career, including executive roles at Danaher and Colfax. Mr. McKnight received his BS in Industrial and Systems Engineering from Virginia Tech, his MS in Engineering Management from Northwestern University and his MBA from the Kellogg School of Management at Northwestern University.

Paul Lederer

Mr. Paul R. Lederer J.D. serves as Lead Independent Director of the Company. Prior to his retirement in 1998, Mr. Lederer was the Executive Vice President of Federal-Mogul Corporation, a global manufacturer of a broad range of non-discretionary parts primarily for automobiles, light trucks, heavy trucks, and farm and construction vehicles, from February 1998 to October 1998. Mr. Lederer previously held executive level positions with Fel-Pro Incorporated, a private manufacturer of gaskets and related products for the internal combustion engine, which was acquired by Federal-Mogul in 1998, and was a consultant to several automotive parts companies.

John Gavin

Mr. John J. Gavin serves as Independent Director of the Company. Mr. Gavin was most recently appointed Chairman of GMS Inc. in 2019. Previously, he was a Senior Advisor with LLR Partners, LLC, a middle market, growth oriented private equity firm, from 2010 to 2017, and had been Chairman of Strategic Distribution, Inc. (“SDI”), a leading maintenance, repair, and operations (MRO) supply firm from 2014 to 2017. Prior to holding his Chairman position at SDI, Mr. Gavin served as Chief Executive Officer and President of SDI. Mr. Gavin previously held positions with Drake Beam Morin, Inc., an international career management and transitions management firm, Right Management Consultants, Inc., a publicly traded global provider of integrated consulting solutions across the employment lifecycle, and Arthur Andersen & Co. Mr. Gavin currently serves on the Advisory Board of the Center for Corporate Governance at Drexel University in Philadelphia and on the boards of various privately held companies.

Richard Riley

Mr. Richard T. Riley CPA serves as Independent Director of the Company. From 2000 to the sale of the company in June 2016, Mr. Riley served on the Board of Directors as Vice Chair and as a significant shareholder (approximately 33%) of Micro Coax, Inc., a privately held company that manufactured micro coaxial cable, primarily for the defense industry. From 2005 to 2013, Mr. Riley held various positions with LoJack Corporation, then a publicly traded corporation and provider of tracking and recovery systems, including Executive Chairman, Chairman, President, Chief Executive Officer, Chief Operating Officer and director. Prior to joining LoJack, Mr. Riley served as Chief Executive Officer and as a director of New England Business Service, Inc., referred to as “NEBS,” then a public company listed on the New York Stock Exchange and a provider of products and services to assist small businesses manage and improve the efficiency of business operations. Mr. Riley was formerly a member of the audit practice at Arthur Andersen & Co. Mr. Riley also serves as a member of the Board of Trustees at Thomas Jefferson University Hospital and as a member of the advisory board of The University of Notre Dame.

Kelly Romano

Ms. Kelly A. Romano serves as Independent Director of the Company. Ms. Romano is the Chief Executive Officer of BlueRipple Capital, LLC, a consultancy firm she founded in May 2018 that is focused on strategy, acquisitions, deal structure, and channel development for high technology companies. In addition, she has been an executive advisory board member of Gryphon Investors (“Gryphon”), a private equity firm focused on middle-market investment opportunities, since December 2016, and is Co-Chair of the Board of Potter Electric, one of Gryphon’s portfolio companies in the life safety industry. Ms. Romano served as a senior advisory partner for Sand Oak Capital Partners, LLC, a private equity firm focused on industrial and manufacturing investments, from 2016 to 2019. From 1984 to April 2016, Ms. Romano served in various capacities at United Technologies Corporation (“UTC”) (NYSE:UTX), a diversified company that provides high technology products and services to the building and aerospace industries. From September 2014 to April 2016, Ms. Romano served as President, Intelligent Building Technologies for the UTC Building & Industrial Systems business. Previously, she held other executive level positions within UTC including President, Global Security Products, President, Building Systems and Services and President, Distribution Americas.

G. Michael Stakias

Mr. G. Michael Stakias serves as Independent Director of the Company. Mr. Stakias has served as President and Chief Executive Officer of Liberty Partners, a New York-based private equity investment firm, since 1998. From 1980 to 1998, Mr. Stakias was a partner at Blank Rome LLP, Philadelphia, PA. His practice focused on the areas of corporate securities, mergers and acquisitions, private equity, and public and emerging growth companies. Prior to joining Blank Rome, Mr. Stakias served as Senior Attorney, Division of Corporation Finance, at the Securities and Exchange Commission, Washington, DC. Mr. Stakias currently serves on the Board of Directors of Whittle Schools & Studios, a privately held private school company. Mr. Stakias also serves on the Board of Directors of Concorde Career Colleges, Inc., a privately held, post-secondary education company, and on the Board of Trustees of the College of William & Mary - Raymond A. Mason School of Business in Williamsburg, VA.

Basic Compensation

Name Fiscal Year Total

Steven Berman

668,102

Kevin Olsen

2,150,120

David Hession

1,200,770

Michael Kealey

758,132

Joseph Braun

652,470

Jeffrey Darby

673,794

John McKnight

--

Paul Lederer

190,005

John Gavin

190,005

Richard Riley

190,005

Kelly Romano

175,005

G. Michael Stakias

185,005
As Of  28 Dec 2019