WAI Global Appoints Former Keystone Automotive CEO as Executive Chairman - BodyShop Business

WAI Global Appoints Former Keystone Automotive CEO as Executive Chairman

WAI Global announced the appointment of Richard L. Keister as executive chairman of the company and his purchase of an undisclosed ownership position in the organization.

Keister most recently served as chief executive officer of Keystone Automotive Industries, which was acquired by LKQ Corporation in October 2007. He continues to serve as a member of LKQ’s board of directors.

Prior to his tenure with Keystone, Keister was president of Delco Remy International’s Aftermarket Group – joining that company in 1997 following Delco Remy’s acquisition of World Wide Automotive.

Keister was the co-founder of the predecessor company to World Wide Automotive, serving from 1976 as president and chief executive officer of the start-up venture. In 1984, Keister expanded operations under the World Wide Automotive brand name – focusing on the high-growth import vehicle market. The company launched remanufacturing factories and joint ventures in several overseas locations – including Mexico, Hong Kong, Malaysia and China. Delco Remy acquired the business in 1997.

"Rick offers WAI Global extensive automotive experience, solid leadership skills and a commitment to business and professional growth for our team," said Jeffery Sween, chief executive officer of WAI Global. "His significant knowledge of both original equipment and aftermarket products and distribution channels will be a tremendous resource, and we look forward to benefiting from Rick’s more than 30 years of industry experience."

"The company is uniquely positioned with engineering, manufacturing and quality assurance infrastructure in China as well as resources in other low-cost regions – all enhanced by a strong balance sheet to support its strategic growth plans within both the original equipment and automotive aftermarket industry," said Rick Keister. "I’m honored to have been invited to make an investment and join WAI Global. I look forward to working with all the WAI team members across North America, Europe and China on a successful and exciting future."

WAI Global manufactures and distributes its products to automotive Tier 1 original equipment and aftermarket manufacturers, remanufacturers and distributors from its own manufacturing plant in Shanghai, China – as well as exclusive joint venture manufacturing plants throughout Asia, South America, Europe and the United States. For more information, visit www.waiglobal.com.

You May Also Like

Deadline for Busch Memorial Scholarships Approaching

Two scholarships will be awarded to students pursuing a collision career.

The ASE Education Foundation announced that the deadline to apply for the Michael Busch Memorial Scholarships is March 31. Presented by the foundation, two scholarships will be awarded for the 2024-25 academic year to students pursuing a career in the collision industry.

Qualified applicants should be graduating high school seniors or have graduated from high school or received a GED certificate. In addition, applicants should be enrolled or planning to enroll as a full-time student in a two- or four-year college or university or in an ASE-accredited post-secondary collision repair program.

Body Bangin’: Stand Out in a Consolidator’s Market with John Shoemaker

Micki Woods interviews John Shoemaker of BASF on how to be “elite” in a consolidator’s market.

Body Bangin’: Can Loaner Vehicles Be Another Revenue Stream?

Micki Woods interviews Laura Tierney of ShopLoaner.com on turning loaner vehicles into a new profit center for your shop.

Protect Your Shop from Cyber Crimes with Mark Riddell

Micki Woods interviews Mark Riddell of m3 Networks Limited on what auto body shops can do to protect themselves from a cyber attack.

Body Bangin’: The Disengagement Epidemic with Kevin Wolfe

Micki Woods interviews Leaders Way Owner Kevin Wolfe on why 73% of work professionals are disengaged today and what we can do about it.

Other Posts

Body Bangin’: I Thought We Were Doing It Right with Josh Piccione

Micki Woods interviews Josh Piccione on repairing vehicles correctly — according to manufacturer guidelines.

Body Bangin’: Be a Star Not a Hamster with Robert Snook

Micki Woods interviews popular keynote speaker Robert Snook on how to differentiate and grow your business.

Body Bangin’: Know Me, Know My Car with Mike Anderson

Micki Woods interviews Mike Anderson on the importance of building an emotional connection with your customers.

Body Bangin’: Fighting for Consumer Safety with Burl Richards

Micki Woods interviews Burl Richards on his personal mission to fight for consumers’ rights and safety.