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Dayco, LLC Announces John T. Bohenick to Succeed James C. Orchard as CEO

Dayco, LLC Announces John T. Bohenick to Succeed James C. Orchard as CEO

08/20/2014

Dayco, LLC, a global leader in highly engineered engine management systems and technology for passenger cars, commercial vehicles and aftermarket distribution, including a broad range of belts, tensioners, pulleys and dampers, announced today that John T. Bohenick has been named to succeed James C. Orchard as Chief Executive Officer of the Company and its principal subsidiaries, effective September 2, 2014. Mr. Bohenick has also been appointed to the Board of Managers of the Company effective the same date. Mr. Orchard will become a special advisor to the Board of Managers and Mr. Bohenick to facilitate an orderly transition of executive leadership through December 31, 2014.

Mr. Bohenick, for the last four years, has served as President, SKF Sealing Solutions, a business unit of AB SKF, a global leader for design and manufacturing of bearings, seals, lubrication, mechatronics and services. He previously spent 20 years working for the Gates Corporation, a global manufacturer of power transmission and fluid power components, systems and services, in a variety of leadership roles culminating in being named President. His career also included working for General Motors on powertrain and vehicle systems.

“John is a talented and proven global industry executive,” said Mr. Orchard. “His leadership and engineering background, along with his focus on product innovation, and passion for the customer make him the ideal CEO to lead Dayco’s worldwide organization.”

“I am very excited to be joining Dayco. We will continue to execute our strategic initiatives focused on driving to make our customers more successful now and into the future,” said Mr. Bohenick. “The Dayco brand name and promise is highly-valued worldwide by our customers and I am anxious to work with our 4,300 dedicated associates and global executive leadership team to continue to maximize the performance of the Company for our customers, employees and shareholders.”

Richard E. Newsted, Non-Executive Chairman of the Board of Managers, said: “On behalf of the Company I would like to thank Jim Orchard for his executive leadership over the last six years. He has been the primary architect of the Company’s vision and strategic roadmap which are the foundation of the Company. We wish him much happiness in his next chapter. We also welcome John Bohenick to the Company and look forward to his leadership of our talented global team.”

About Dayco, LLC

Dayco, headquartered in Troy, Michigan, is a global leader in the research, design, manufacturing and distribution of a broad range of belts, tensioners and pulleys for the automotive, trucking, construction, agricultural and industrial markets. Recognized by both original equipment manufacturers and the automotive aftermarket as an innovative, technology-driven organization, Dayco operates a fully integrated global network of 23 manufacturing facilities and 23 distribution centers, technical centers and sales offices, employing a workforce of nearly 4,300 employees. For more information, please visit the Company’s website at www.dayco.com.

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