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New BOD for Sibur-Russian Plant

Sibur Russian Tyres have announced that a new Board of Directors for their Yaroslavsky tyre manufacturing facility by the shareholders of this operation at an annual meeting scheduled for June 15. In addition, accounting and auditing commissions are to be elected, along with an auditor.

The Yarolsavsky plant, located 250 kilometres northeast of Moscow in the city of Yaroslavl, is one of four plants operated by Sibur Russian Tyres, and is responsible for the production of passenger car, truck and aviation tyres.

9th May 2007/by Tyrepress Editors

Wente Joins Continental AG Executive Board

The Supervisory Board of Continental AG has appointed Heinz-Gerhard Wente (56), member of the Executive Board of ContiTech AG, to the Executive Board of Continental AG. The decision will take effect from 3 May 2007 when he will assume responsibility for Human Resources at Continental AG in addition to his current function at ContiTech AG. Wente will also serve as Continental AG’s Director of Labor Relations.

Wente succeeds Thomas Sattelberger who has held the position of Continental AG’s Human Resources director since July 1, 2003. Sattelberger had requested the Supervisory Board of Continental AG that he be granted early release from his contract and premature termination of his appointment to Continental AG’s Executive Board in order to take up a new challenge in another large company.

27th April 2007/by Tyrepress Editors

Changes to Beru’s Executive Board

TPMS manufacturer Beru AG has announced that the company’s appointment of chairman of the board of management and employment Marco von Maltzman will not, by mutual agreement, be extended beyond its current term, which is due to end on January 31, 2008.

According to a statement released by Beru, the supervisory board “thanks Mr. von Maltzan for his efforts and his successful work for the company over the past four years.” His successor has not yet been decided upon.

Beru’s supervisory board has also appointed Marcus Knödler, formerly responsible for finance and reporting, as deputy member of the board of management. Mr. Knödler will be responsible for Finance and IT.

12th April 2007/by Tyrepress Editors

W. Alan McCollough Elected to Goodyear Board

W. Alan McCollough, former chairman and chief executive officer of Circuit City Stores Inc., has been elected to the Board of Directors of The Goodyear Tire & Rubber Company.

“Alan McCollough is a respected business leader who led a turnaround at Circuit City,” said Goodyear chairman and CEO Robert J. Keegan. “His retail experience and marketing knowledge will be of significant value to our board of directors.”

11th April 2007/by Tyrepress Editors

Two Quit Amtel-Vredestein Board

(Akron/Tire Review) Vredestein Banden CEO Rob Oudshoorn has unexpectedly resigned from the executive board of parent company Amtel-Vredestein NV. Also leaving the board was Vredestein CFO Ton Tholens.

The two executives said they left the company’s managing board to give their full attention to Vredestein’s business.

Tholens also gave up his post as CFO of Amtel-Vredestein.

Amtel-Vredestein CEO Alexei Gurin will temporarily assume the responsibilities of CFO of the group.

21st March 2007/by Tyrepress Editors

Tech Chief Named to Hankook Board

(Akron/Tire Review) Hwi Joong Kim, Hankook Tire Co.’s chief technology officer and chief production officer, has been named to that company’s board of directors. The appointment was made March 16, according to the company.

Kim’s appointment to the board, according to Hankook, “will streamline the decision making process at Hankook.” Kim has been with Hankook since 1970.

“Technological innovation has been a cornerstone in fueling the profitability of our company and enhancing the reputation of the quality of our products,” said Kim. “This is a natural progression to further enhance the role of technology and product quality, critical in the competitive global automotive industry.”

21st March 2007/by Tyrepress Editors

Michelin Nigeria Board Approves Severance Package

The board of directors at Michelin Nigeria Ltd have met and approved of a severance package for employees affected by the closure of the company’s Port Harcourt factory. The proposed £15 million total severance package is above the standard £10 contractual severance entitlement for employees in such circumstances, and Michelin Nigeria’s director of communications, Victoria Oso Adefala, released a statement saying the company elected to pay the additional amount in order to mitigate the hardship experienced by affected employees.

19th March 2007/by Tyrepress Editors

Further Management Appointments for Viking

Tyre and exhaust wholesaler Viking International has made several new management appointments in the UK. Scott Herne has been appointed as their new divisional call centre manager for the region covering Scotland. Scott, based in Glasgow, will be responsible for the overall development and management of the company’s Division 1 Call Centre, providing direction for his team on quality, productivity and process improvement.

Viking managing director John Kemp commented “Scott’s solid experience in sales is an asset and his presence in the role of Divisional Call Centre Manager will enable us to provide an even better service for our customers as we continue to develop our business.” Prior to taking on this role Scott was employed in another sales role with Viking and also spend three years with Platform Building Materials.

“I look forward to taking a hands-on approach and providing guidance to the team in continually hitting sales targets,” said Scott, commenting on his new position.

19th March 2007/by Tyrepress Editors

Amtel-Vredestein CFO Steps Down, New COO Appointed.

Amtel-Vredestein N.V. has stated that Ton Tholens will relinquish his role as chief financial officer of the group, but will retain his position as CFO of its Vredestein Banden unit. Alexei Gurin will temporarily assume the responsibilities of group CFO in addition to his duties as CEO. In a further appointment, Sergey Bokhanov, Chief Operating Officer of the company’s Russian enterprise and member of the Executive Board, has stepped into the role of group COO.

15th March 2007/by Tyrepress Editors

Goodyear Engineered Products Introduces New Fuel-Line Hoses

(Akron/Tire Review) Goodyear’s Engineered Products division has expanded its fuel-line hose lineup to include Goodyear SAE 30R9 and 30R11 high-performance and low-permeation fuel hoses for ATVs, snowmobiles, jet skis, lawn mowers, snow blowers and generators. According to the company, the hoses meet new U.S. EPA and California Air Resources Board (CARB) emission requirements that took effect January 2007.

The new fuel-line hoses are compatible with a variety of fuels, including gasoline, diesel and ethanol. In addition, the SAE 30R9 can be used for sour gas and environmentally-friendly biodiesel fuel applications. The new hoses are designed for moderate-pressure applications and help resist swelling, chemical degradation and oil and fuel permeation, according to Goodyear. Outer hose covers help resist decay from oil, heat and ozone, the company stated.

Goodyear recently introduced its Gatorback Sport continuously variable transmission (CVT) belt with carbon fibre for ATVs.

15th March 2007/by Tyrepress Editors

Goodyear Proxy: Top Execs Got $31 Million

(Akron/Tire Review) The company’s climbing stock prices helped boost compensation packages for Goodyear Tire & Rubber Co.’s five top executives to some $31.3 million. The compensation package amounts was revealed in Goodyear’s proxy statement, filed last week with the Securities and Exchange Commission.

13th March 2007/by Tyrepress Editors

TIA Meets with Michelin North America

The Tire Industry Association (TIA) today announced that it held the first of its annual manufacturers’ meetings with Michelin North America at their Greenville, South Carolina, headquarters on 7 March 2007. For the past few years TIA has been holding annual meetings with the major tyre manufacturers to encourage the exchange of information between both groups. The meetings have proved beneficial to all involved.

12th March 2007/by Tyrepress Editors

TIA Accepting Board Nominations

The Tire Industry Association (TIA) has announced it is accepting nominations for service on the 2007-2008 Board of Directors. Nominations and self-nominations are welcomed from “any TIA member in good standing or an official representative of an industry association.”

8th March 2007/by Tyrepress Editors

Conti Chairman Appointed to New Role

Chairman of Germany’s Continental AG, Hubertus von Gruenberg, has been nominated chairman of the Swedish-Swiss engineering ABB Ltd. He will succeed Jeurgen Dormann, who will step down from the roll at the company’s next AGM on May 3.

Von Gruenberg has been Continental’s chairman of the board since 1999 and was the company’s president and chief executive between 1991 and June 1999.

23rd February 2007/by Tyrepress Editors

Continental AG Progressing on Talks to Acquire Goodyear Unit

(Akron/Tire Review – AFX) German auto parts supplier Continental AG said it expects to reach a decision soon on whether or not to pursue a purchase of Goodyear’s Engineered Products division.

Gerhard Lerch, Continental board member, made the announcement, and said that negotiations have progressed and that a decision is expected this quarter.

Goodyear said it was considering selling the division two years ago.

23rd February 2007/by Tyrepress Editors