‘Controversial’ Conti Board Member Stepping Down
Rolf Koerfer, the top legal advisor to Schaeffler and the Schaeffler family, has agreed to step down from his post on the Continental AG advisory board.
Posts
Brodsky Dismissal in TRIB’s “best interest”, says Bureau’s President
RetreadingA quote attributed to recently dismissed Tire Retread & Repair Information Bureau managing director Harvey Brodsky has been used in a press release announcing his interim successor. In introducing Marvin Bozarth, who will hold the position during the current period of ‘transition’, TRIB president Michael Berra Jr borrowed a line from a Brodsky speech and stated “there is never a wrong time to do the right thing.”
Fired – Harvey Brodsky Dismissed by TRIB Board of Directors
RetreadingLong-time champion of the retreading industry, Harvey Brodsky, was notified on October 5 that his services as managing director of the Tire Retread & Repair Information Bureau were no longer required. Announcing his own dismissal in a press release, Mr. Brodsky stated that “during a conference call today called by TRIB president Mike Berra, Jr. at 2pm Pacific Time (GMT -7:00), and including Bob Majewski and Wayne Jackson of the TRIB Board, I was informed that today would be my last day as the managing director of TRIB.
Peter Hellman Elected to Goodyear Board
NewsA twelfth member has been added to the Board of Directors at Goodyear Tire & Rubber with the election of Peter S. Hellman, retired president of Nordson Corporation. In introducing the new board member, company chairman and chief executive officer Richard J. Kramer said “Peter Hellman is a respected leader with extensive leadership experience in successful international businesses. His wide-ranging experience and knowledge will be of significant value to our board of directors.”
Former Goodyear India Chairman Dies
NewsV. Narayanan, former chairman of Goodyear India, died September 14 at his home in Chennai. He was 91.
BTMA Elects Conti Boss New Chairman
NewsThe British Tyre Manufacturers Association (BTMA) has elected David Smith as its new chairman with immediate effect. Smith has been the managing director of Continental Tyres since 2007, and as such has a wealth of tyre industry experience. “I am honoured to have been elected to this key role within the tyre industry,” he comments.
Vipal Raises European Retread and Repair Prices 10%
RetreadingBrazilian based retreading and repair material manufacturer Vipal has announced that it is to increase its prices by 10 per cent across the board. The price increase is scheduled to take affect on 1 October 2010. The company says it will make every effort to attend to orders placed before this date, respecting the requirements of all our customers while stocks last.
Goodyear’s Keegan to Retire; Kramer Elected Chairman
NewsWith his retirement plans now finalised, Robert J. Keegan has expressed confidence in handing over the role of chairman of Goodyear’s board to the company’s president and chief executive officer, Richard J. Kramer. The Goodyear board of director’s election of Kramer to the position was announced on August 3 and will take effect October 1. Keegan is stepping down both as chairman and a director and will retire from the company.
Titan Makes Two Executive Management Appointments
NewsTwo changes to Titan International’s executive management team have been announced by the company’s board of directors. Kent W. Hackamack, vice president of finance and treasurer, has been named executive vice president of corporate development. Hackamack, who joined Titan in 1994 as corporate controller, was appointed vice president of finance and treasurer in 1996. He is a certified public accountant and holds two degrees from Northeast Missouri State University in accounting and computer science. "Titan has been in various negotiations to increase its worldwide footprint in agricultural and mining wheels and tyres. Kent's experience will help us achieve those goals," said chairman and CEO Maurice M. Taylor Jr.
Delticom Increases Target EBIT Margin
Company NewsOnline tyre retailer Delticom AG reports a “significant” increase in revenues and earnings during the first half of 2010, and while admitting it may have to face “headwind” from a weakening consumer climate and negative base effects in the upcoming quarters, the company’s management board says it is now confident of achieving a higher level of profitability than initially expected for the full year.
CARB to Enact Tyre Pressure Regulation
NewsStarting 1 September, all California automotive service providers will be required to check the tyre pressure of each vehicle receiving maintenance or repair service at their facility, reports Tire Review. The Automotive Maintenance and Repair Association (AMRA) recently learned the California Air Resources Board (CARB) proposed an effective date of 1 September, 2010 for the adoption of Section 95550 in Title 17 of the California Code of Regulations.
Plane Tyre Bursts On Landing
NewsIn India, the passengers of a Delhi-Srinagar IndiGo flight had a lucky escape when a tyre on the plane burst during its landing at Srinagar airport. The IndiGo airlines flight No.6E had 160 passengers on board and a major tragedy was averted when the pilots were able to land the flight safely. Airport officials said the IndiGo return flight from Srinagar to Delhi would take off only after extensive technical checks had ensured the plane's airworthiness.
Titan to Issue Second Quarter Dividend
NewsTitan International, Inc. has approved a quarterly cash dividend of $.005 (one half cent) per common share for the second quarter of 2010. The cash dividend is payable 15 July 2010, to stockholders of record on 30 June 2010.
US Consumer Confidence Rises, But Experts See Storm Ahead
NewsUS consumer confidence rose in May, the third straight month for plus results according to the Conference Board’s monthly survey, says Tire Review. The Conference Board’s Consumer Confidence Index rose to 63.3 in May, well up from April’s 57.7 mark. And consumer outlook for the next six months also rose, reaching 85.3 up from last month’s 77.4 result, the highest outlook result since August 2007.
RMA Splitting Up
NewsThe board of directors of the Rubber Manufacturers Association approved a plan to restructure the organization to better serve the interests of its membership. The restructuring will result in two separate organizations – one for tyre manufacturers and another for elastomer products manufacturers.The tyre organization will retain the Rubber Manufacturers Association name and remain in its current Washington, D.C., offices. The new elastomer products group will adopt a new name and will be headquartered in the Midwest.
“RMA will focus its resources on the U.S. tyre manufacturing sector which continues to face a number of public policy challenges specific to this sector,” said RMA president and CEO Charles Cannon. “Meanwhile, EPG executives will be able to focus on re-establishing an entity that will be uniquely designed to focus solely on EPG companies with greater flexibility for growth and a reduced cost model.”
