Dorman Products appoints Kathleen Pacheco as President of Specialty Vehicle segment, succeeding Lindsay Hunt, who remains in an advisory role.
Quiver AI Summary
Dorman Products, Inc. announced the appointment of Kathleen Pacheco as President of its Specialty Vehicle business segment, taking over from Lindsay Hunt, who will remain in an advisory role following her previous leadership of SuperATV. Dorman's CEO, Kevin Olsen, praised Pacheco's experience and her contributions to the company's growth, highlighting her previous role as Chief Operating Officer of the segment. Pacheco, who has a strong background in engineering and leadership from Tenneco and Johnson Controls, expressed her commitment to continuing the legacy of SuperATV and is looking forward to collaborating with Hunt during the transition. The press release also emphasizes Dorman's dedication to providing innovative automotive solutions for various vehicles.
Potential Positives
- Appointment of Kathleen Pacheco as President of the Specialty Vehicle business segment signifies strong leadership succession and continuity within the company.
- Kevin Olsen, Dorman’s President and CEO, expressed confidence in Pacheco’s ability to drive growth and financial performance, highlighting her experience and previous successful role as COO.
- Lindsay Hunt will remain in an advisory role, ensuring a smooth transition while continuing to support the company’s growth and innovation efforts.
- Pacheco's commitment to build on the SuperATV legacy and brand suggests an ongoing focus on product innovation and strengthening the company's market position.
Potential Negatives
- The replacement of Lindsay Hunt, a key figure in the company's leadership, may raise concerns about potential instability or uncertainty during the transition period for the Specialty Vehicle business segment.
- While Kathleen Pacheco has relevant experience, her previous role as Chief Operating Officer raises questions about the effectiveness of past management decisions within the segment.
- The emphasis on "forward-looking statements" may indicate a lack of certainty regarding the company's future performance and expose it to risk factors that could negatively impact investor confidence.
FAQ
Who is the new President of Dorman's Specialty Vehicle segment?
Kathleen Pacheco has been appointed as the new President of Dorman's Specialty Vehicle business segment.
What was Kathleen Pacheco's role before becoming President?
Prior to her appointment, Kathleen Pacheco served as the Chief Operating Officer of the Specialty Vehicle segment.
Who did Kathleen Pacheco replace as President?
She replaced Lindsay Hunt, who previously served as the President and CEO of SuperATV.
What are Dorman’s key areas of focus?
Dorman focuses on product innovation, commercial excellence, aftermarket replacement products, and reliability for motor vehicles.
What is Lindsay Hunt's role after stepping down?
Lindsay Hunt will remain with the company in an advisory role to support the leadership team through the transition.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$DORM Insider Trading Activity
$DORM insiders have traded $DORM stock on the open market 51 times in the past 6 months. Of those trades, 0 have been purchases and 51 have been sales.
Here’s a breakdown of recent trading of $DORM stock by insiders over the last 6 months:
- STEVEN L BERMAN has made 0 purchases and 33 sales selling 87,500 shares for an estimated $11,588,585.
- JOHN MCKNIGHT (President, Heavy Duty) has made 0 purchases and 8 sales selling 8,185 shares for an estimated $1,140,527.
- JEFFERY DARBY (SVP, Sales and Marketing) has made 0 purchases and 3 sales selling 7,142 shares for an estimated $986,218.
- JOSEPH P. BRAUN (SVP and General Counsel) sold 6,286 shares for an estimated $854,896
- ERIC LUFTIG (Senior Vice President, Product) has made 0 purchases and 2 sales selling 3,278 shares for an estimated $462,816.
- DONNA M. LONG (SVP, CIO) has made 0 purchases and 4 sales selling 742 shares for an estimated $96,742.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$DORM Hedge Fund Activity
We have seen 188 institutional investors add shares of $DORM stock to their portfolio, and 172 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WELLINGTON MANAGEMENT GROUP LLP added 337,074 shares (+192.9%) to their portfolio in Q1 2025, for an estimated $40,630,899
- SILVERCREST ASSET MANAGEMENT GROUP LLC added 256,461 shares (+inf%) to their portfolio in Q1 2025, for an estimated $30,913,808
- MORGAN STANLEY removed 229,658 shares (-13.7%) from their portfolio in Q1 2025, for an estimated $27,682,975
- MACQUARIE GROUP LTD added 189,358 shares (+inf%) to their portfolio in Q1 2025, for an estimated $22,825,213
- AMERIPRISE FINANCIAL INC removed 169,582 shares (-35.6%) from their portfolio in Q1 2025, for an estimated $20,441,414
- JENNISON ASSOCIATES LLC added 145,391 shares (+32.1%) to their portfolio in Q1 2025, for an estimated $17,525,431
- INVESCO LTD. added 137,913 shares (+22.1%) to their portfolio in Q1 2025, for an estimated $16,624,033
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
COLMAR, Pa., May 19, 2025 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (“Dorman” or the “Company”) (NASDAQ:DORM) announced today the appointment of Kathleen Pacheco as President of the Specialty Vehicle business segment. As part of a planned succession, Ms. Pacheco replaces Lindsay Hunt, who previously served in the role and was the Chief Executive Officer of SuperATV prior to Dorman’s acquisition of the business in 2022. Ms. Hunt will remain with the Company in an advisory role to support the leadership team through the transition and serve as a resource to support continued growth of the business.
In connection with Ms. Pacheco’s appointment, Kevin Olsen, Dorman’s President and Chief Executive Officer, said “Kathleen has the experience and proven ability to drive growth, financial performance, and the continued success of our Specialty Vehicle business. We thank Lindsay for her dedication and visionary leadership as she guided SuperATV’s smooth transition and seamless integration following the acquisition. Lindsay has been integral in building a strong culture focused on product innovation and commercial excellence, and we look forward to her continued support of the business as Kathleen takes on her new role.”
Prior to her appointment as President, Specialty Vehicle, Ms. Pacheco served as Chief Operating Officer of the business segment. Before joining Dorman, she held senior leadership positions and other roles of increasing responsibility at Tenneco and Johnson Controls. She holds a Master of Science in Engineering Management from Marquette University, and a bachelor’s degree in mechanical engineering from Kettering University.
Ms. Hunt said, “Kathleen is an exceptional leader with a deep understanding of our business, our values, and our strategic objectives. As Chief Operating Officer, she has been instrumental in leading changes to our innovation and development teams, and in supply chain transformation. I am looking forward to continuing to work with her and the Dorman team in my new role.”
Ms. Pacheco said, “I’m inspired by the confidence that Dorman’s leadership has shown in me and the exciting future ahead for Dorman and its Specialty Vehicle business. I’m committed to building on the SuperATV legacy and brand, and I look forward to benefiting from Lindsay’s experience and advice as I take on my new role.”
Contacts
Marketing: Steve Gisondi, Vice President of Marketing, [email protected]
Investor Relations: Alex Whitelam, Vice President, Investor Relations, [email protected]
Visit our website at www.dormanproducts.com. The Investor Relations section of the website contains a significant amount of information about Dorman, including financial and other information for investors. Dorman encourages investors to visit its website periodically to view new and updated information.
About Dorman
Dorman gives professionals, enthusiasts, and owners greater freedom to fix motor vehicles. For over 100 years, we have been driving new solutions, releasing tens of thousands of aftermarket replacement products engineered to save time and money and increase convenience and reliability.
Founded and headquartered in the United States, we are a pioneering global organization offering an always-evolving catalog of products covering cars, trucks, and specialty vehicles, from chassis to body, from underhood to undercarriage, and from hardware to complex electronics.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “probably,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “views,” “estimates,” and similar expressions are used to identify these forward-looking statements. Such forward-looking statements are based on current expectations that involve known and unknown risks, uncertainties, and other factors (many of which are outside of our control) that may cause actual events to be materially different from those expressed or implied by such forward-looking statements. For additional information concerning factors that could cause actual results to differ materially from the information contained in this press release, please see Dorman’s prior press releases and filings with the U.S. Securities and Exchange Commission (“SEC”), including Dorman’s most recent annual report on Form 10-K and its subsequent SEC filings. Dorman is under no obligation to (and expressly disclaims any such obligation to) update any of the information in this press release if any forward-looking statement later turns out to be inaccurate whether as a result of new information, future events, or otherwise.