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GUD Holdings Limited (ASX:GUD) appoints former Ford executive as its next CEO

GUD Holdings Limited (ASX: GUD) has announced that its Managing Director and CEO Mr Jonathan Ling will be leaving the company on 30 September 2018 after a successful 5-year term where he led a transformation project to streamline the company’s product lines and brands.

Mr Ling will be replaced by Mr Graeme Whickman, the former CEO of Ford Australia and New Zealand who has spent over 20 years at Ford working across multiple geographies.

GUD Holdings also announced today that it has completed the acquisition of Disc Brakes Australia Pty Ltd. Disc Brakes supplies products to the automotive aftermarket and has a customer base that includes Bapcor Ltd (ASX: BAP) and Super Retail Group Ltd’s (ASX: SUL) Supercheap Auto.

Our team of experts have identified the four best shares to buy right now and GUD Holdings Limited did not make the list. Find out which companies made the cut here.

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Motley Fool contributor Kevin Gandiya has no position in any of the stocks mentioned.

You can find Kevin on Twitter @KevinGandiya.

The Motley Fool Australia owns shares of and has recommended Bapcor. The Motley Fool Australia owns shares of Super Retail Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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