Management ChangeMay 12, 2026, 10:07 AM
Standard Motor Products COO Burke Steps Down; Bhandari Appointed
AI Summary
Standard Motor Products, Inc. announced executive leadership changes, effective June 1, 2026. James J. Burke will step down as Chief Operating Officer but will remain with the company as Executive Advisor and a member of the Board of Directors. Sunil Bhandari has been appointed as the new Chief Operations Officer. Mr. Bhandari brings over 25 years of global business and operations leadership, most recently from Eaton Corporation plc, and will receive an annual base salary of $550,000 along with significant incentive and stock awards.
Key Highlights
- James J. Burke will step down as Chief Operating Officer of Standard Motor Products, Inc. effective June 1, 2026.
- Mr. Burke will continue to serve as Executive Advisor and a member of the Board of Directors.
- Sunil Bhandari has been appointed to succeed Mr. Burke as Chief Operations Officer, effective June 1, 2026.
- Mr. Bhandari's annual base salary will be $550,000.
- He is eligible for an annual cash incentive award with a target payout of 50% of his base salary.
- Mr. Bhandari will receive stock awards totaling $1,000,000, subject to Compensation Committee approval.
- He previously served as Vice President, Global Aftermarket – Mobility Group at Eaton Corporation plc.
Price Impact
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