John Gordon Named Interim Chief Executive Officer of Fenix Parts

Current CEO Bill Stevens to Retire and Will Remain with the Company as an Investor, Advisor, and Board Member

HURST, Texas--(BUSINESS WIRE)--Fenix Parent LLC, operating as Fenix Parts (“Fenix Parts”), a leading recycler and reseller of original equipment manufacturer automotive parts, today announced that it has appointed John Gordon interim Chief Executive Officer. He succeeds Bill Stevens, who is retiring from the company after more than eight years of service. Mr. Stevens will remain involved with Fenix Parts as an investor, advisor, and board member.

Mr. Gordon brings to Fenix Parts more than 35 years of diverse business experience. He has held numerous C-suite-level positions and led growth and performance improvement engagements across a variety of industries, including manufacturing and distribution.

“It has been a privilege to lead Fenix Parts and work alongside our talented employees to help build the company into the leading recycler and reseller of OEM automotive parts it is today,” said Mr. Stevens. “John brings an exceptional combination of operating experience and strategic leadership to Fenix Parts, and I am confident he is the right executive to help lead the company through its next chapter of growth. I look forward to working closely with John and the Board to support a smooth and seamless transition.”

Under Mr. Gordon’s leadership, Fenix Parts will continue to execute its strategy of serving as a provider of recycled automotive parts across the U.S., while remaining focused on delivering reliable, high-quality parts to its customers.

“Mr. Gordon is a strong and accomplished executive whose extensive experience across manufacturing and distribution-focused companies makes him ideally suited to lead Fenix Parts,” said Dixon Thayer, Executive Chairman of Fenix Parts. “His track record of building businesses, driving commercial growth, and optimizing complex operations closely aligns with our vision for the company.” Mr. Thayer also commented, "We are incredibly grateful to Bill for all of his contributions and years of dedication to Fenix Parts. Under his leadership, the company more than tripled its revenues and was grown into one of the largest automotive recyclers in the nation. We are looking forward to further leveraging his experience and expertise as an advisor and board member.”

Mr. Gordon said, “I am excited to join Fenix Parts as interim CEO and build on the strong foundation Bill, the Board, and the company’s talented professionals have established. The company has a strong reputation and has made strides in solidifying its market position as an industry leader. I look forward to partnering with Bill, the Board, our team, and Stellex as we continue to serve our customers and advance our growth strategy.”

About Fenix Parts

Fenix Parts is a leading recycler and reseller of OEM automotive products. The company’s primary business is auto recycling, which is the recovery and resale of OEM parts, components, and systems reclaimed from damaged, totaled, or low value vehicles. Fenix was founded in 2014 to create a network that offers sales, fulfillment, and distribution in key regional markets in the United States. Fenix currently operates locations in the Northeast, Southeast, Southwest, and Midwest, and the Fenix companies have been in business for more than 25 years on average. Additional information may be found at www.fenixparts.com.

About Stellex Capital Management LLC

With offices in New York, London, Pittsburgh, and Detroit, Stellex Capital is a private equity firm with over $6.9 billion in AUM. Stellex seeks to identify and deploy capital in opportunities that stand to benefit from its operationally focused and hands-on approach to investing. Portfolio companies are supported by Stellex’s industry knowledge, operating capabilities, network of senior executives, strategic insights, and access to capital. Sectors of particular focus include aerospace, defense & government services, transportation & logistics, manufacturing, real economy & business services, food processing, and tech-enabled services. Additional information may be found at www.stellexcapital.com.