Centric Parts and AP Exhaust Technologies have announced a joint board agreement in which AP’s executive chairman, Vange Proimos, will join the Centric Parts board of directors, and Centric president and CEO Dan Lelchuk, will join the board of AP.
Proimos and Lelchuk have experience in the aftermarket hard parts industry and believe the joint board appointments will bolster the position of both companies in the marketplace and promote opportunities to collaborate to better serve customers, according to a press release.
“Vange brings a wealth of knowledge to the Centric board,” said Lelchuk. “His vast experience in the automotive aftermarket will benefit our board and company in many ways while promoting joint go-to-market opportunities between our two companies. This will strengthen both of our businesses and provide benefits to all of our customers.”
Since its founding in 2000, Centric Parts has become a recognized manufacturer and supplier of brake and chassis components and systems for passenger vehicles, light- and medium-duty trucks, and high-performance and racing vehicles under the Centric, StopTech, PosiQuiet and C-Tek labels, among others.
“Adding Dan to the AP board is another step toward improving the organizational capability of the AP Exhaust team, given his relationships and knowledge of the industry,” said Proimos. “As we share best practices and experiences from both companies, it will help elevate our capabilities to better service the aftermarket industry as we strive to be the best companies with which to do business.”