Kreidel no longer Tire Factory CEO

The chief executive of the independent tyre dealer group positioned to carry the Point S flag in the USA has stepped down. US trade publication Tire Review reports that John Kreidel left Tire Factory due to “strategy differences”. Chief financial officer Walter Lybeck will stand in as interim CEO until the now vacant position can be filled, and Kreidel has agreed to assist Lybeck as needed for the coming three months.

Kreidel was appointed Tire Factory’s chief executive officer in February 2010. In May 2015 the dealer network announced its new status as part of Point S North America, and the following month the rebranding of its more than 200 outlets began. This conversion to the Point S corporate look is expected to be completed by the end of 2016.

In a letter sent to Tire Factory members, chairman Eric Gill shared that Kreidel was leaving the company on good terms, and that his departure was not prompted by any specific action or event.