Magna Tyres Group appoints new CFO

With the appointment of Arjen de Kruijf as its new chief financial officer, Magna Tyres Group aims to secure “continued growth” within a “challenging tyre business” in the years to come. De Kruijf begins in his new position on 1 April, taking responsibility for financial operations, regional finance teams and financial relations.

Introducing its new numbers man, Magna Tyres Group says Arjen de Kruijf is a highly qualified financial director with a strong background and a broad exposure in several financial disciplines. “His financial expertise, astute analytical abilities and financial insights will be a major asset to contribute immediately to advancing our priorities along with further developing the strong financial position,” says the tyre maker.

Speaking about his new position, de Kruijf comments: “I am very excited to have been appointed to the role as chief financial officer at such an industry-leading business as Magna Tyres Group. I am looking forward to contribute to the further execution of strategy and cost management performance in the upcoming years. As we expand our global footprint, capture new markets, my focus would be on further strengthening the balance sheet.”

“We are confident De Kruijf possesses the kind of substantive expertise, leadership strength and business acumen that will help guide Magna Tyres as we continue to grow and strengthen our position as a global leading second-tier tyre brand in the tyre industry,” says Magna Tyres Group. “He is a tremendous asset for the company and will play a valuable role in the company’s long-term strategic vision. His background, knowledge and management style are an excellent fit as we expand our global presence and work to enhance our already-strong financial position.”

Incumbent chief financial officer Nico Jacobs will remain with Magna Tyres Group, taking on role of financial projects advisor as of 1 April.