General Automotive Company (OTCBB: GNAU) recently announced that they have added two members to their board of directors, Anthony J. Dowd and Kenneth F. Adams. The company is a provider of original equipment and aftermarket automotive parts, mobile electronics, and related automotive products spanning different areas of distribution within the United States and internationally.
Anthony Dowd is the managing partner of the private equity partnership, Charter Oak International Partners. During his sixteen years at Charter Oak, Dowd directed and led numerous acquisitions and investment ventures with privately held businesses. His team has completed more than forty-five acquisitions since founding Charter Oak’s private equity business.
Kenneth Adams brings with him an extensive background of management experience. He served as vice president and CFO of Saab Cars USA, Inc. for thirteen years, a subsidiary of General Motors Corporation and a wholesale distributor of Saab cars, producing annual sales of more than $1 billion. As an acting member of the board of directors from 1992 until his retirement in 2005, his new position as chairman of General Automotive’s audit committee will be familiar territory.
“Tony and Ken’s vast experience in corporate finance and their business insights will be extremely valuable to General Automotive as we pursue our strategy of growth by acquisition,” said president and CEO of GA, Joseph DeFrancisci. “It is an honor to have people of their stature join our team and help us further GA’s growth and success as we expand our portfolio of operating companies.”
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