GPX Names New President and Chief Operating Officer

GPX International Tire Corporation (GPX) has appointed Craig Steinke, formerly President and Chief Executive Officer of Eagle Family Foods (a $500 million consumer product company) as President and Chief Operation Officer starting June 1, 2007.

Before his role at Eagle, Craig was a Senior Vice President and Group General Manager at Broken Hills Propriety (BHP) a $100 billion mineral resource company. He was responsible for worldwide sales, marketing and operations with direct responsibility for $3 billion of sales. Prior to this position, Craig was President of Magma Metals, a subsidiary of Magma Copper, a $1 billion resource company. Craig was responsible for sales, marketing and operations of a 1,000 person smelting and refining facility. Craig is a CPA and spent 10 years with Arthur Andersen before entering the private sector.

Mr. Robert Sherkin, Chief Executive Officer of GPX stated, “As GPX continues to grow, having the right people for the right positions is a critical component to its success. We welcome Craig on our team and look forward to the tremendous contribution he will make towards our success.”

Mr. Bryan Ganz, Chairman of the Board of GPX, noted, “We are very excited about the prospect of Craig taking a senior leadership role at GPX and are confident that he will bring with him and impart the experience and vision that he has acquired over the years working with World Class enterprises and will help GPX achieve its goal of being a world leader in the Tire Industry.”