BBB Industries named automotive industry veteran and member of the BBB Board of Directors, Joseph (“Joe”) Beretta, as its new Chief Executive Officer, effective immediately.
BBB Industries, a leading remanufacturer and distributor of automotive parts in the North American aftermarket, is owned by global private equity investment firm Pamplona Capital Management LLP, which acquired the business in November 2014. The acquisition was made from Pamplona’s fourth private equity fund, Pamplona Capital Partners IV LP.
Beretta brings a wide range of executive experience including manufacturing, global sourcing, supply-chain management, sales and marketing, distribution operations, new product development, and engineering. He has been in various key positions in the automotive aftermarket since 1976, most recently serving as Co-President at Dorman Products.
Martin Schwab, Partner at Pamplona, commented: “We are delighted that Joe has agreed to become Chief Executive Officer. His contribution as a Board member has been impressive and we believe he is the ideal executive to lead the business during its ongoing significant growth trajectory. I would also like to thank Don Bigler for the outstanding job he has done as interim CEO and I look forward to continuing to work with him at the board level.”
Beretta commented: “BBB Industries is an industry leader and I am delighted to be joining an exceptional management team who have grown the company significantly over the last few years. I believe there continues to be significant opportunities to grow the business both organically and through acquisition and I am excited to be part of the business going forward.”
BBB Industries also announced that John (“Trey”) B. Smart III, EVP- Sales, and Jeff Bigler, EVP-Operations, have been appointed as Co-Presidents of BBB, with Smart taking on the role of Chief Commercial Officer and Bigler becoming Chief Operating Officer. Both appointments are effective immediately.
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