Titan Elects New Directors

Titan International board of directors has elected several new directors at its annual meeting of stockholders held last week. Maurice M. Taylor Jr will be the new chairman and CEO, Erwin H. Billig vice chairman, Kent W. Hackamack vice president of finance and treasurer and Cheri T. Holley will be the new vice president and secretary.

“The Board thanks Mr Billig for his dedication and service as Titan’s chairman during the last 10 years,” stated Mr Taylor. “I personally would like to thank him for all of the time, effort and guidance given to me and the company and I know this will continue in his role as vice chairman.”

Richard M. Cashin Jr., Albert J. Febbo and Mitchell I. Quain were also elected by the stockholders to serve as directors for three-year terms. Stockholders also approved the Titan International, Inc. 2005 Equity Incentive Plan and the PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for 2005.