Dorman Products, Inc. (NASDAQ:DORM) has announced the planned retirement of its Chief Financial Officer, David M. Hession. Hession, who has been with the company since February 2019, played a crucial role in driving Dorman's strong financial performance over the last six years. During his tenure, he contributed to expanding the business through strategic acquisitions, building a talented finance organization, and strengthening Dorman’s profitability, balance sheet, and liquidity position.
Dorman has initiated a comprehensive search process, with the assistance of a leading executive search firm, to identify Hession’s successor. Hession will remain in his position until a successor is in place and will serve in an advisory role thereafter to ensure a smooth transition.
The company's President and Chief Executive Officer, Kevin Olsen, expressed gratitude to Hession for his integral role in the company's financial performance and wished him the best in his upcoming retirement.
Dorman encourages investors to visit its website periodically to view new and updated information. The company aims to continue driving new solutions and releasing aftermarket replacement products engineered to save time and money and increase convenience and reliability for professionals, enthusiasts, and vehicle owners. The market has reacted to these announcements by moving the company's shares 0.2% to a price of $127.55. Check out the company's full 8-K submission here.
