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IPD ANNOUNCES MICHAEL CLOGG AS NEW PRESIDENT AND COO

Former President, Yossi Zekri remains as an advisor to Board of Directors

TORRANCE, CA, April 14, 2008 – Industrial Parts Depot (IPD) LLC, a manufacturer of heavy-duty diesel and natural gas engine parts, announced Mr. Michael Clogg will return as IPD President and COO on May 1. Mr. Yossi Zekri has accepted a position outside of IPD, but will continue as an Advisor to the Board of Directors of Storm Management, the parent company of IPD.

Mr. Clogg was formerly the President of IPD Inc. as it entered into its reorganization in 2003 and was also responsible for hiring Yossi Zekri as his successor as President. Mr. Clogg stated that “Yossi was the right person to steer IPD through its reorganization and to help put IPD LLC into the strong market and financial position it is today. Having Yossi stay on as an advisor will be of great help in the continuing growth of this company”.

Mr. Zekri said that “Mike’s many years in the heavy duty diesel and natural gas engine industry will be instrumental in the future growth plans of IPD. I look forward to continuing our relationship within IPD”.

IPD has been manufacturing high quality diesel and natural gas components since 1955. IPD is a business unit of Storm Industries, Inc., located in Torrance, CA. Storm Industries has been in business since 1932, evolving from a basic manufacturing enterprise into a family of business units that include Storm Properties, Inc., Storm Western Development, Inc., Storm Manufacturing Group, and IPD. Storm Industries seeks to expand its current portfolio by investing in companies that have industry longevity and produce high-quality products. For more information, please visit www.stormind.com or www.ipdparts.com.

 

 

   

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