Steven L. Berman has been at the helm of Dorman Products since 2011, stepping into the role of Chairman and Chief Executive Officer after the passing of his brother, Richard N. Berman. He has been with Dorman since 1978, accumulating...
Steven L. Berman has been at the helm of Dorman Products since 2011, stepping into the role of Chairman and Chief Executive Officer after the passing of his brother, Richard N. Berman. He has been with Dorman since 1978, accumulating extensive experience that spans several positions, including President and Chief Operating Officer. This deep-rooted connection gives him unique insights into the company’s operations and vision. Interestingly, in addition to his executive role, he is also a controlling shareholder in a partnership that leases Dorman's corporate headquarters, a deal that was approved by the company’s audit committee. His commitment to the company's success is reflected in his substantial ownership stake, which includes approximately 9.1% of Dorman’s outstanding stock. Over the years, he has guided the company through various challenges, emphasizing the need for aligning executive compensation with company performance and shareholder interests. In fiscal 2023, his total compensation was reported at $4.2 million, a reflection of his leadership and the strategic direction of Dorman Products as it continues to compete in the auto parts industry.