David Sholtis, previously leading Bosch's Filtration business, is Penray's new CEO. The company's current CEO, Howard Laga, will be transitioning to the position of senior advisor to the board.

Sholtis spent his last four years at Robert Bosch LLC as vice president and regional business unit leader, Filtration Americas, responsible for executing the Purolator growth strategy, which he successfully accomplished under tough market conditions. Prior to Bosch, David worked at Honeywell for 13 years in numerous leadership positions, with his final position as vice president of Autolite Products. Prior to Honeywell, David spent nine years at General Electric.

Laga will stay on in an advisory capacity to assist Sholtis with the CEO transition and
will remain active as senior advisor, responsible for certain key customer accounts.

Headquartered in Wheeling, Ill., Penray supplies cooling system treatments, fuel treatments and shop chemicals to maximize performance and help extend vehicle life.

For more information, go to www.penray.com.