Motorsport Aftermarket Group Names Rick Walters as CFO

The Motorsport Aftermarket Group (MAG) is on the move, both literally and figuratively. The parent company to a host of aftermarket industry brands, recently relocated headquarters from Irvine, California, to Irving, Texas. Now MAG is staffing up, starting with the addition of a new CFO, Rick Walters.

The Motorsport Aftermarket Group (MAG) is on the move, both literally and figuratively. The parent company to a host of aftermarket industry leading brands, including DragonFire, Küryakyn, Mustang Seats, Performance Machine, Progressive Suspension, Renthal, Roland Sands Design and Vance & Hines, recently relocated headquarters from Irvine, California, to Irving, Texas. Now MAG is staffing up, starting with the addition of a new CFO, Rick Walters.

“I’m pleased to announce that Rick Walters will be joining the MAG leadership team as Chief Financial Officer,” stated MAG President & CEO Andy Graves. “Rick is based at our new MAG headquarters in Irving, and is reporting to me.” Most recently the CFO of the $1 billion auto collision repair company Service King, Walters brings a wealth of financial experience to the MAG role. Prior to Service King, Rick served as a Group CFO at Sun Capital Partners in southern Florida, where he supported multiple portfolio companies, including work in auto supply and electronic components companies, as well as retail (furniture, restaurants, and department stores).

“His breadth of business experience across multiple industries, and businesses faced with diverse challenges, will serve him well at MAG,” noted Graves. “He brings a strong strategic perspective, extensive experience in process and profit improvement, and a passion to drive long-term value creation.”

Walters replaces Bill Himebrook, who has been MAG’s interim CFO since the merger of MAG/Tucker Rocky under the LDI umbrella in May, 2014. “We are grateful to Bill for stepping into this role at such a critical time for our new company,” added Graves. “And thankful for his insights, support and many contributions over the past 16 months. We look forward to continued support and dialog with Bill, as he transitions back into his full-time CFO role at LDI in Indianapolis.”

Originally from Wausau, Wisconsin, Walters has lived and worked across the U.S. He currently lives in McKinney, TX, a northern suburb of Dallas, with his wife and two daughters.

The Sturgis Motorcycle Museum and Hall of Fame recently named Marilyn Stemp and Steve Piehl to its board of directors.

Stemp is a pioneering figure in the motorcycle industry, founding IronWorks Magazine with her late husband, Dennis, and becoming the first female editor of a nationally circulated, mainstream motorcycle magazine. She also revived their trade magazine, Iron Trader News; edits the monthly Kiwi Indian News; contributes to several powersports media outlets; and is the founding editor of Sturgis Rider Daily. Stemp is a noted editor and writer of several motorcycle-focused books. Her consistent support for charitable efforts in the industry include the annual Biker Belles Celebration, Las Vegas BikeFest and as campaign chair for the Sturgis Motorcycle Museum’s development plan in 2014. She co-founded the Flying Piston charity events taking place in Daytona and Sturgis each year and is a National Ambassador for All Kids Bike. Stemp was inducted into both the Las Vegas Motorcycle Hall of Fame and the Sturgis Museum's Hall of Fame in 2018, and in 2022 she was recognized as one of the Top 100 Women in Powersports by DealerNews.