Superior Industries welcomes Deven Petito to its Board as Independent Director

– USA, MI –  Superior Industries International, Inc. (NYSE: SUP) today announced the appointment of Deven Petito to its Board as an Independent Director, effective as of January 11, 2024, expanding the Board to nine members of whom eight are independent.

“We are pleased to welcome Deven to Superior’s Board of Directors. Deven brings a broad range of financial and capital markets experience, as well as valuable perspective as the designee of one of our largest shareholders. We look forward to benefiting from his insights as we advance our strategy and generate long-term value for our shareholders.” said Board Chairman, Tim McQuay.

About Deven Petito

Deven Petito is a Management Committee Director of Mill Road Capital Management LLC, where he has worked since 2014. Mill Road Capital Management is an investment firm that manages multiple funds with approximately $1.0 billion of assets under management. The firm focuses on investing in and partnering with, small publicly traded companies in the U.S. and Canada. Mr. Petito is responsible for leading public equity and private equity investments for Mill Road’s funds. Before joining Mill Road, Mr. Petito began his investing career in the private equity group at Kohlberg Kravis Roberts & Co. Before KKR, Mr. Petito worked at Morgan Stanley in the firm’s investment banking division. Mr. Petito holds an AB in Economics from Princeton University and an MBA from Harvard Business School.

About Superior Industries

Superior is one of the world’s leading aluminum wheel suppliers. Superior’s team collaborates with customers to design, engineer, and manufacture a wide variety of innovative and high-quality products utilizing the latest lightweight and finishing technologies. Superior also maintains leading aftermarket brands ATS, RIAL, ALUTEC, and ANZIO. Headquartered in Southfield, Michigan, Superior is listed on the New York Stock Exchange.


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