COLMAR, PA — Dorman Products, Inc. (NASDAQ: DORM) has announced the upcoming retirement of David M. Hession, its Senior Vice President and Chief Financial Officer. The company disclosed that Hession plans to step down later this year, following a tenure marked by notable contributions to its financial strategy and growth.
To ensure a seamless transition, Dorman has engaged an executive search firm to find his successor. Hession will stay on as CFO until a replacement is named and will subsequently serve in an advisory role to support the transition.
“David has been integral in helping drive Dorman’s strong financial performance over the last six years,” said Kevin Olsen, Dorman’s President and Chief Executive Officer. “On behalf of the Board of Directors and the management team, we would like to express our gratitude and wish him the very best in his upcoming retirement.”
Hession joined Dorman in February 2019 as CFO. His time at the company has been defined by efforts to bolster its financial framework, including strategic acquisitions, expanding the finance team, and enhancing the company’s balance sheet and liquidity.
Reflecting on his tenure, Hession remarked, “It’s been an honor to lead Dorman’s finance organization and work alongside Kevin and Dorman’s management team. I am proud of what we have accomplished together and am confident that Dorman is well-positioned for continued success. I look forward to supporting the Company through the transition.”
With a diligent search process underway, the company aims to build on the foundation Hession helped solidify, ensuring continued financial health and stability as Dorman navigates its next chapter.
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