Titan appoints new director

The Board of Directors at Titan International is set to grow with the appointment of a new director. On 1 June, Dr. Mark Rachesky will join chairman Maurice Taylor and six other directors on the board. Taylor has commented that “all of Titan’s directors had the opportunity to meet Dr. Rachesky and agreed he would make an excellent board member and bring a new voice to Titan’s shareholders. We look forward to his participation on the board.”

Mark H. Rachesky is the founder and president of MHR Fund Management LLC, a New York based investment firm that takes a private equity approach to investing. MHR manages approximately US$6 billion of capital and has holdings in public and private companies in a variety of industries. In addition to serving on the boards of various public and private companies, Dr. Rachesky is chairman of the Board of Directors of Loral Space & Communications Inc., Telesat Canada and Lions Gate Entertainment Corp. He holds an MBA from the Stanford University School of Business, an MD from the Stanford University School of Medicine and a BA in Molecular Aspects of Cancer from the University of Pennsylvania.