– USA, IL – Fenix Parts, Inc. (Nasdaq:FENX), a leading recycler and reseller of original equipment manufacturer automotive products, announced today that its Board of Directors has unanimously elected J. Michael McFall as a director of the company. Mr. McFall is the co-founder and President of the Veretech division of Hearst Business Media, which provides a patented, web-based vehicle trade-in appraisal service that is employed by 20 auto manufacturers and approximately 8,000 auto dealers under the Black Book brand. Mr. McFall’s election increases the size of the Fenix Parts board to six.
Kent Robertson, CEO of Fenix Parts, said, “Mike’s strong and diverse automotive, systems and logistics experience will be a tremendous asset to Fenix Parts, and we are pleased to welcome him to our Board of Directors. Mike’s addition will provide management with another key resource as we work to drive long-term value for our customers and shareholders.”
Before co-founding Veretech in 2001, Mr. McFall was President of Fleet Lease Disposal, a Florida-based vehicle remarketing and reconditioning company serving national corporate fleet operators. From 1999 to 2000, he served as Vice President of Strategy for the AutoNation e-commerce division. Prior to that, he served for 12 years as Director of Strategic Planning and Product Development for General Motors Acceptance Corp., the finance subsidiary of General Motors.
Mr. McFall holds an MBA degree from the George Washington University and a BA degree in Communications from Towson University.
About Fenix Parts
Fenix Parts is a leading recycler and reseller of original equipment manufacturer automotive products. The company’s primary business is auto recycling, which is the recovery and resale of OEM parts, components and systems reclaimed from damaged, totaled or low value vehicles. Customers include collision repair shops (body shops), mechanical repair shops, auto dealerships and individual retail customers. Fenix provides its customers with high-quality recycled OEM products, extensive inventory and product availability, responsive customer service and fast delivery.
Fenix was founded in January 2014 to combine eight Founding Companies and create a network that offers sales, fulfillment and distribution in key regional markets in the United States and Canada. The Founding Companies have been in business an average of 25 years and operate from 13 locations.
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