Exide
Trailerbodybuilders 10223 Exide Technologies Facility Cropped 1
Trailerbodybuilders 10223 Exide Technologies Facility Cropped 1
Trailerbodybuilders 10223 Exide Technologies Facility Cropped 1
Trailerbodybuilders 10223 Exide Technologies Facility Cropped 1
Trailerbodybuilders 10223 Exide Technologies Facility Cropped 1

Exide Technologies appoints Vargo new president, CEO

Nov. 15, 2018
Exide Technologies recently appointed Timothy D. Vargo president and chief executive officer.

The Exide Technologies Board of Directors recently appointed Timothy D. Vargo, a current board member, president and chief executive officer.

Exide is a provider of stored energy solutions for the transportation and industrial markets.

Vargo succeeds Vic Koelsch, who is stepping down. Koelsch will act as an advisor to the CEO through December 31, and then remain on Exide’s board.

“Vic made significant contributions to the company, ensuring a successful return in the transportation aftermarket, positioning the company to grow its OEM partnerships and introducing new products and services for its global motive and network power customers,” said Keith Wandell, chairman of the board for Exide.

“Vic and the board agree that now is the right time for a new leader with a fresh operational perspective to drive value in the next phase of Exide’s growth. Tim brings the right leadership skills and operational experience to step in and immediately accelerate our transformation.”

Vargo boasts more than 40 years of leadership and managerial experience in automotive supply chain and process improvement.

He served as president and chief operating officer of AutoZone, where he helped formulate and execute the growth strategy that took the company from 1,000 stores to 3,250 stores, and sales from $1.5 billion to more than $5 billion. He has held a variety of senior executive and director positions at Auto Teile-Unger, TruckPro and Kele, Inc. 

Vargo also is a member of the Motorcar Parts of America board. He will be located at the company’s global headquarters in Milton GA.

“While our market position is increasing and our business continues to achieve new performance levels, I see the opportunity to enhance our growth while driving value for our customers and our stakeholders,” Vargo said.

“I look forward to working with our 10,000 dedicated employees across the globe who are integral to our company’s success.”

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TBB Staff