POMONA, Calif., May 30, 2006 (PRIMEZONE) -- Keystone Automotive Industries, Inc. (Nasdaq:KEYS) today announced the appointment of Robert E. Hedrick as vice president and chief people officer, based in Nashville.
Hedrick most recently served as senior vice president of human resources of Advance Auto Parts (NYSE:AAP), reporting to the chief executive and chairman of this Fortune 500 company with 36,000 employees. He previously served in a similar capacity for Foodbrands America. His career experience also includes executive positions in human resources, organizational development/compensation and benefits for Sara Lee Corporation (NYSE:SLE).
"The role of human resources is vital to an organization's ability to effectively manage growth, while attracting and retaining quality professionals in all positions at Keystone. We look forward to benefiting from Bob's extensive background and experience in this field and welcome his contributions to the company's continued success," said Richard Keister, president and chief executive officer of Keystone Automotive Industries.
Hedrick earned a Bachelor of Arts degree in economics from Wofford College and a Master of Business of Administration from the University of North Carolina. In addition, he served four years in the United States Army, including a tour of duty in Viet Nam, attaining the rank of Captain.
About Keystone
Keystone Automotive Industries, Inc. distributes its products primarily to collision repair shops through its 136 distribution facilities, of which 22 serve as regional hubs, located in 38 states and Canada. Its product lines consist of automotive body parts, bumpers, and remanufactured alloy wheels, as well as paint and other materials used in repairing a damaged vehicle. These products comprise more than 19,000 stock keeping units that are sold to more than 25,000 repair shops throughout the United States and Canada.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements. The statements contained in this press release that are not historical facts are forward-looking statements based on the company's current expectations and beliefs concerning future developments and their potential effects on the company. These forward-looking statements involve significant risks and uncertainties (some of which are beyond the control of the company) and are subject to change based upon various factors, including the company's ability to effectively manage its employees and attract and retain quality professionals. Reference is also made to the Cautionary Statements set forth in the company's Form 10-K Annual Report filed with the Securities and Exchange Commission(SEC) in June 2005 and in its Form 10-Qs filed with the SEC thereafter for additional risks and uncertainties facing the company. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.