Smartire’s Independent Board

SmarTire’s president and CEO Al Kozak has resigned as a company director to “increase the independence of the board.” The company maintains that the resignation will have no impact on his duties as president and CEO.

Robert Rudman, non-executive chairman of SmarTire’s board, said: “Our objective is to move toward the creation of a totally non-executive, independent board in keeping with the spirit of Sarbanes-Oxley. We are now at a stage to expand the depth and experience of the board of directors.”