COPPELL, TX – April 16, 2018 – (Motor Sports Newswire) – Motorsport Aftermarket Group (MAG) announced today that Andy Graves, President & CEO, has made the decision to retire from MAG effective July 31, 2018.
Graves has been MAG’s CEO since January 2015 and said, “This is a personal decision based on my desire to spend more time with my family, pursue other interests, and engage more fully in service opportunities. I believe the timing for me to retire this summer coincides well with MAG embarking on a new chapter; this is the appropriate time for an effective transition of leadership.”
MAG has launched an external search for a new CEO and is confident that the company will welcome a new leader who will bring a passion for powersports, along with strong consumer, dealer and operating insights. The Board has asked Graves to provide consulting support through July of 2019 to help facilitate this transition.
“We are thankful for Andy’s strong leadership of MAG through the bankruptcy process and are grateful for his willingness to provide a smooth transition in this interim period. We wish him the best in his retirement. MAG now has a healthy balance sheet and an ownership group eager to support new growth opportunities. The company is well-positioned to lead the industry by developing and delivering the most desired brands and innovative products to riders anywhere they shop from dealer to digital,” stated David Robbins, Managing Director of Monomoy Capital Partners.
About Motorsports Aftermarket Group
Our mission is to build a group of brands and businesses that are recognized for quality, performance and innovation to meet the demands of powersports enthusiasts. Since 2000, Motorsport Aftermarket Group (MAG) has built a portfolio of the most desired brands in the motorsport parts and accessories aftermarket. No other industry participant owns as many dominant brands. Each MAG company is a leader in its market segments. The MAG companies enjoy long histories of leadership and innovation, some dating back to the 1960s. MAG’s businesses are operated worldwide and are focused on innovation, creative freedom and to be connected to their customers. Our teams also work together in product design and development, marketing and advertising, and special events to take advantage of our combined experience and resources. The MAG group office provides support in the areas of business development, finance, sourcing, information technology, sales, marketing and administration that is unmatched in the industry. For more information on MAG, visit www.maggroup.com.
Source: Motorsport Aftermarket Group