board Archives - Page 34 of 40 - Tyrepress

Posts

Superior President and COO Becomes CEO

Superior Industries has announced that Steven J Borick will become the company’s new president and chief executive officer from the 1 January, 2005. He will succeed Louis Borick, who will remain chairman of the board.

Commenting on the appointment, Louis Borick said: “Steven Borick has demonstrated his ability to effectively manage our complex operation. He has earned the trust and respect of our employees, our entire management team, and our customers. With his leadership and personal commitment to Superior’s success, we are confident that Steven is the right choice to lead this company into the future.”

Steven Borick, has been president and COO of Superior since 2003. He was executive vice president from 2000 to 2002, and has been a director since 1981. Mr Borick is a director and member of the Audit Committee of MDC Holdings, Inc, Colorado, America’s eighth largest homebuilder, and a director of Richmond American Homes, Denver.

9th November 2004/by Tyrepress Editors

Possible Price Increases for Continental

Increasing steel prices have led the board of Continental AG to take price increases into consideration, the company says. “Should there be more raw material price increases, higher prices on the replacement market cannot be ruled out,“ said board member, Dr Alan Hippe. At the moment the company is in talks with the car industry over the steel price situation. Meanwhile natural rubber prices are said to have reached their peak.

3rd November 2004/by Tyrepress Editors

Continental to Call Another Shareholder Meeting

According to German media sources, Continental is going to call for an extraordinary shareholder meeting before the end of this year in order to gain approval for the company’s integration with Phoenix AG. The Hamburg based company is due to be merged with ContiTech, a Continental ‘daughter’ company. “We will try everything in order to do this during the current year,“ said Dr Alan Hippe, member of the board.

3rd November 2004/by Tyrepress Editors

Hayes Lemmerz Receives Honourable Mention

Hayes Lemmerz International has announced that it received an honourable mention in the 2005 Automotive News PACE (Premier Automotive Suppliers’ Contributions to Excellence) Award Competition for its Flex Wheel.

26th October 2004/by Tyrepress Editors

Motorcycle Registrations Falling

New motorcycle registration figures released by the MCI, show falling numbers across the board. In the first nine months of the year, 29 per cent less scooters and 10 per cent fewer motorcycles and mopeds were registered than during the same period in 2003. In total the year-to-date figures show a 17 per cent drop.

When the month of September is examined in isolation, the opposite is true. Last month there were roughly 500 more motorocycle, moped and scooter registrations than in Septmeber 2003. This represents a nine per cent increase in scooter registrations, a five per cent increase motorbike and moped registrations and seven per cent total rise in registrations.

15th October 2004/by Tyrepress Editors

Conti Says “No Decision Made Yet”

“We have not made a decision yet.” That was the comment of a Continental spokesperson in Hanover, Germany, in response to rumours that the tyre manufacturer has already decided to end the joint venture with the Moscow Tyre Plant.

13th October 2004/by Tyrepress Editors

Amtel Sells $34.2 million Shares

Russian tyre manufacturer, Amtel has sold 10 per cent of its stock in a private placement underwritten and distributed solely by Troika Dialog Group.

7th October 2004/by Tyrepress Editors

New COO at Stapletons

Stapletons (Tyre Services) Limited has announced the appointment of a new chief operating officer.

10th September 2004/by Tyrepress Editors

Continental Confirms Board Member Start Date

A month after Continental announced that Dr Karl-Thomas Neumann was being recommended to the board, the international automotive supplier has confirmed that Dr Neumann will begin his new role on 1 October. In this position Dr Neumann will head up Continental Automotive Systems. Dr Neumann had previously been head of the electrics and electronics unit of the VW group of brands, where he had group-wide responsibility for electronic modules.

31st August 2004/by Tyrepress Editors

Bandag Declares Quarterly Dividend

The Board of Directors of Bandag, Incorporated, declared a regular quarterly dividend of $.325 per share on the Common Stock, Class A Common Stock and Class B Common Stock of the company payable October 18, 2004 to shareholders of record at the close of business on September 17, 2004.

18th August 2004/by Tyrepress Editors

Managing Director of Tip Top Steps Down

Terry Brooks of Rema Tip Top UK Ltd has announced that he will step down as managing director. Mr Brooks will remain on the board of the UK company and, as of 1 September 2004, will assume a new multi functional strategic development role within the group.

Supporting a newly re-modelled global group structure, he will spearhead a number of projects that will focus upon key business growth opportunities.

Although Mr Brooks is nearing 60, he relishes this new challenge in the knowledge that he will not only continue to interact with his former colleagues, but new ones too.

The company says that until further notice Terry can still be contacted via Rema Tip Top in Leeds. New contact details will be announced shortly.

16th August 2004/by Tyrepress Editors

Pirelli Posts First Half Results

Pirelli has announced its preliminary first half results showing what it claims as “a strong improvement of all economic indicators.” While the results were in line with 2004-2006 targets, its net financial position is negative by approximately 2,050 million euros, against 1,745 million euros at year end 2003.

2nd August 2004/by Tyrepress Editors

Dr Karl-Thomas Neumann to be proposed to Conti Supervisory Board

The chairman’s committee of the supervisory board will propose Dr Karl-Thomas Neumann for the executive board of Continenal AG. Dr Neumann is currently head of the Electrics and Electronics unit of the Volkswagen group. In this position he has group-wide responsibility for electronics.

According to the company, Dr Neumann will take charge of Continental Automotive Systems (CAS) at the earliest possible date.

28th July 2004/by Tyrepress Editors

Goodyear Re-elects Directors

Goodyear Tire & Rubber Company’s shareholders have re-elected Robert J Keegan, Rodney O’Neal and Shirley D Peterson to serve as company directors for a further three years. John G Breen was elected to serve for the final year of a three-year term on the board.

1st July 2004/by Tyrepress Editors

Round Eight “THINK” British Superbike Championship

Fife sees the eighth round of the British Superbike Championship this weekend, which will be held at the Knockhill Circuit. After a disappointing seventh round, Dunlop Motorsport believes to be “well prepared for all eventualities.”

30th June 2004/by Tyrepress Editors