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CARDONE Industries Names Michael Cardone, III Executive Chairman, Adds Additional Board Members

CARDONE Industries, a family-owned leader in the automotive aftermarket, has named Michael Cardone, III as the Executive Chairman of its Board of Directors. The company is also pleased to announce the addition of two new Board members: Dena Moore and Bill Strahan.

12/20/2017 11:00:00 AM

CARDONE Industries Names Michael Cardone, III Executive Chairman, Adds Additional Board Members

PHILADELPHIA (December 20, 2017): CARDONE Industries, a family-owned leader in the automotive aftermarket, has named Michael Cardone, III as the Executive Chairman of its Board of Directors. The company is also pleased to announce the addition of two new Board members: Dena Moore and Bill Strahan.

Michael Cardone, III is an owner of CARDONE Industries and serves on the company’s Board of Directors. He has also served in Executive leadership roles with CARDONE, including President, since 1998. As Executive Chairman, he will focus on CARDONE’s long-term growth strategies, including acquisition activity and the company’s footprint and real estate holdings. He will also be responsible for managing the Board of Directors and its processes.

CARDONE founding owner and board member Michael Cardone, Jr. said: “I am so proud to see my son take the role of Executive Chairman. As a third-generation family owner, Michael is well-attuned to our rapidly changing industry and understands what our company needs to do to be successful. I am confident in his leadership of our Board of Directors.”

“Our company is positioning itself well for growth in the years ahead,” said Michael Cardone, III. “I couldn’t be more excited to take on this role right now. I look forward to leading our Board and tapping into the vast amounts of experience and wisdom they have to offer. I am also very happy to welcome Dena Moore and Bill Strahan as new members of our Board, and I look forward to their new perspectives and guidance.”

Dena Moore spent 20 years as a senior merger and acquisition investment banker and as Chief Operating Officer for Harris Williams & Co., now a subsidiary of PNC Financial Services Group. Today, as the founder of DFM Advisory, LLC, she works primarily with entrepreneurs to provide strategic and operational consulting services.

Bill Strahan is Executive Vice President of Human Resources for Comcast Cable.  

Michael Cardone, III also serves on the board of MERA – The Remanufacturing Association, and he will continue to be a key participant and advocate in issues and initiatives critical to the industry.

Outgoing Executive Chairman and former CARDONE CEO Terry McCormack, who will remain as a Board member and advisor, noted: “This is an exciting time for CARDONE. The family leadership is committed to this company’s long-term success, and our Board has added a wealth of independent knowledge that will help forge the path ahead.”

 

About CARDONE

We are an automotive industry leader in aftermarket innovations and engineering. Three generations and four decades strong, we build new and remanufactured vehicle parts that meet or exceed O.E. designs, at a fraction of the cost. We remanufacture O.E. parts to meet the specific needs of our O.E.M. partners. Our global team supports a full spectrum of products and services, including a catalog of 46,000 sustainably-built parts. We build it better. Learn more at CARDONE.com.

 

Media Inquiries:

Adam Dole                                                                  Raquel Wenger

215-912-3543                                                              215-912-3742

adole@cardone.com                                                  rwenger@cardone.com