LOS ANGELES — Motorcar Parts of America (MPA) has appointed Scott Adelson to its board of directors, expanding the board to six members.
Adelson, 47, is a senior managing director and global co-head of corporate finance for the international investment banking firm Houlihan Lokey. Based in Los Angeles, he serves as a member of its board and is engaged in all aspects of the firm’s corporate finance practice. During his 20-year tenure with Houlihan Lokey, Adelson has advised more than 350 companies, including such diverse and notable organizations as Callaway Golf Corporation, Inc., LaBrea Bakery, Lockheed Martin Corporation, Qualcomm Incorporated, Science Applications International Corporation, The Wolfgang Puck Food Company and Mammoth Mountain ski area.
A commentator on CNBC and CNN and guest lecturer at various universities and symposiums, Adelson earned an MBA degree from the University of Chicago and completed undergraduate studies at the University of Southern California.
"The addition of Scott Adelson strengthens the board and highlights the company’s commitment to having directors with diverse expertise and experience. Our focus on sharply reducing the company’s manufacturing costs and margin improvement during the past two years is now beginning to provide meaningful benefits, and we welcome counsel from Scott and our entire board at this significant juncture in the company’s evolution. We are on a strong footing operationally, and we must now further our efforts to enhance shareholder value," said Selwyn Joffe, chairman, president and chief executive officer of Motorcar Parts of America, Inc.
For more information about Motorcar Parts of America, visit: www.motorcarparts.com.