Connect with us

Hi, what are you looking for?

News

Ryan Stutzman Joins SEMA as Chief Financial Officer

Ryan Stutzman is joining the Specialty Equipment Market Association (SEMA) as chief financial officer, effective May 22. Stutzman will be based at SEMA’s headquarters in Diamond Bar, Calif.

Stutzman replaces current Vice President and Chief Financial Officer George Afremow, who will retire in June after 12 years with the Association.

Stutzman is a strategic and results-driven executive with over a decade of experience leading financial teams and enhancing company performance in both public and private sectors. His expertise spans a wide range of financial operations, including mergers and acquisitions, strategic planning, and Enterprise Resource Planning (ERP) systems integration, which he has managed across various industries.

“In our search for a new CFO, we sought a leader not only with robust financial acumen but one with strong integrity, who is committed to protecting and furthering the cause of the automotive aftermarket industry,” said SEMA President and CEO Mike Spagnola. “We are delighted to have found a great fit in Ryan.”

In his new role, Stutzman will be responsible for overseeing day-to-day finance, investment relations, and accounting activities for the Association, including Performance Racing Industry (PRI). Stutzman will also play a pivotal role in the selection and implementation of company-wide systems, which will enhance SEMA’s business relationship with its members.

Stutzman joins SEMA from Cherokee Chemical Co., Inc., where he significantly enhanced the company’s financial performance and market position. He led the successful reorganization of the finance department and managed over a dozen strategic mergers and acquisitions, driving substantial growth and profitability. His initiatives in optimizing financial frameworks contributed decisively to Cherokee’s industry leadership.

“I’m excited to join the Association at such an important time for the automotive aftermarket,” said Stutzman. “SEMA members are on the forefront of change and driving innovation, and I’m looking forward to supporting them as we shape the future of the industry.”

A native of Charlotte, N.C., Stutzman received a Bachelor of Arts degree from Cedarville University and an MBA from Azusa Pacific University. Outside of work, Stutzman is passionately engaged with the great outdoors, frequently found road cycling, hiking, or snowboarding. A dedicated coffee connoisseur, he has spent the past decade mastering the art of roasting and blending his own coffee, a testament to his meticulous attention to detail. Stutzman and his wife, Bethany, have two children.

This story was originally published on May 13, 2024. Drag Illustrated

Advertisement. Scroll to continue reading.

You May Also Like

News

The star-studded STREET OUTLAWS: No Prep Kings series is set to return for its 6th season in the summer of 2023. Fans can expect to...

News

Street Outlaws: No Prep Kings star and renowned engine builder Pat Musi joined the recent episode of The Wes Buck Show and provided an update...

News

Street Outlaws: No Prep Kings star Lizzy Musi announced today that she has been diagnosed with stage four breast cancer via her Youtube channel....

News

Ryan Fellows, who starred in “Street Outlaws: Fastest in America,” died in a tragic crash while filming for the show in Las Vegas on...

Since 2005, DI has informed, inspired and educated drag racers from every walk of the racing life - weekend warrior and street/strip enthusiasts to pro-level doorslammer and Top Fuel racers. From award-winning writing and photography to binge-worthy videos to electric live events, DI meets hundreds of thousands of racers where they live, creating the moments that create conversations.