The retired president of Boeing International has been elected to the board of directors of The Goodyear Tire & Rubber Company. Laurette T. Koellner, 60, spent 11 years with The Boeing Company in a variety of financial and business leadership roles. Post Boeing, she served as executive chairman of International Lease Finance Corporation, a subsidiary of American International Group, Inc. (AIG) until its May 2014 sale to AerCap Holdings.
Russian petroleum industry colossus Rosneft reports the closure of its agreement to purchase a 50 per cent share in holding company Camfin S.p.A., which owns a 26.19 stake in Pirelli & C. S.p.A. This acquisition gives Rosneft a 13 per cent indirect share in the tyre maker and the right to nominate candidates for Pirelli’s Board of Directors – a right the company chose to exercise immediately. Five new Rosneft-nominated individuals joined the Board of Directors on 10 July, filling vacancies created by five resignations that were tendered that same day.
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.”
Finnish tyre manufacturer Nokian Tyres Plc has reorganised its board of directors. Details of the reshuffle were announced on 8 April following Nokian’s Annual General meeting. As a result of the move Petteri Walldén was elected chairman of the board. The board also elected Hille Korhonen, Hannu Penttilä and Petteri Walldén as members of the nomination and remuneration committee.
At Nokian Tyres’ Annual General Meeting on 8 April 2014, the company’s financial statements for 2013 were accepted and the Board of Directors and the President and CEO discharged from liability. The meeting decided that a dividend of €1.45 per share shall be paid for the period ending 31 December 2013. The dividend shall be paid to shareholders included in the shareholder list maintained by Euroclear Finland Ltd on the record date of 11 April 2014. The dividend payment date is 25 April 2014.
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