According to a statement released by Bridgestone Corporation on 18 February, the Bridgestone Technical Center Europe is soon to receive a new managing director. The tyre maker reports that Yutaka Yamaguchi will take on this role, which is currently held by Bridgestone Europe CEO and president Franco Annunziato, on 26 March.
A number of senior management changes were approved at Yokohama Rubber’s board of directors meeting on 14 February. These changes will be formally approved after the company’s general meeting of shareholders on 28 March.
At the company’s Board of Directors meeting on 24 January, approval was given for Kenji Nakakura’s appointment as chairman and representative director of Toyo Tire & Rubber. The Japanese tyre maker has not stated when this appointment takes effect. The incumbent company president, CEO and representative director will be replaced in all offices by Akira Nobuki, who currently serves as Toyo’s executive corporate officer.
At its board of directors meeting on 27 December, Yokohama Rubber approved a number of changes in responsibility for senior management. These changes entered effect on 1 January. Kinya Kawakami, Yokohama’s director and managing corporate officer, has taken over from Toshiyuki Nishida as general manager of the company’s Hiratsuka factory. In other change that took effect 1 January, Sinichi Suzuki, who is president of the company’s Yokohama R.P.Z. L.L.C. tyre plant in Russia, is no longer general manager of the Russia Tire Plant division.
The Society of Motor Manufacturers and Traders (SMMT) is pleased to announce the appointment of Wendy Williamson as Aftermarket Development Manager. She brings a wealth of experience in the aftermarket sector and will take control of SMMT activities from the end of the year when SMMT's current aftermarket expert, Bob Davis, retires.
Titan International’s Board of Directors has approved a quarterly cash dividend of US$.005 (one half cent) per common share for the fourth quarter of 2012. The cash dividend is payable 15 January 2013 to stockholders of record on 31 December 2012.
The Board of Directors of the European Automobile Manufacturers' Association (ACEA) have elected Sergio Marchionne, CEO of Fiat S.p.A., as the association's President for 2013 – his second consecutive term heading the association.
The Board of Directors at the Goodyear Tire & Rubber Company now has 12 members following the election of John E. McGlade. When not sitting on Goodyear’s board, McGlade is chairman, president and chief executive officer of Air Products & Chemicals Inc.
The Nomination Committee of Swedish company Trelleborg AB will propose the election of Jan Carlson as a new director of the board at its 2013 Annual General Meeting next April. The committee has also decided to propose the re-election of Heléne Vibbleus Bergquist, Claes Lindqvist, Sören Mellstig, Hans Biörck, Nina Udnes Tronstad, Bo Risberg and Peter Nilsson as directors. As previously announced, the Nomination Committee has decided to propose the election of current director, Sören Mellstig, as the new chairman of the board, succeeding Anders Narvinger, who declared he is not available for re-election.
Pirelli & C. SpA has reported sales revenues of 4,574.1 million euros in the first nine months of 2012, up 7.2 per cent from 4,265.8 million on 30 September 2011. Pre-tax profits (EBIT) are up 31 per cent to 592.8 million euros (compared with 451.2 million euros on 30 September 2011). During the same period EBIT margin grew to 13 per cent from 10.6 per cent on 30 September 2011. However the company also revised down a number of key projections.
After 14 years as a board member of Trelleborg AB, including 11 years as chairman, Anders Narvinger has confirmed that he will not be standing for re-election at the 2013 Annual General Meeting.
On 1 October Apollo Tyres gave word that its Board of Directors has approved the raising of US$150 million through placement of shares to qualified institutional buyers. In a filing to the BSE, Apollo said its board has also approved increasing the investment limit of foreign institutional investors from 30 per cent of the company’s paid up capital to 40 per cent.
Continental’s employees are on the run – for a good cause. During ContiRunningWeek 2012, which is now underway, around 18,000 Continental employees at 90 sites will set off on runs or walks to raise money for charity. A number of local fundraising activities have been arranged, and Continental Corporation will donate the proceeds from its activities to Welthungerhilfe, a German charity that combats hunger and health issues around the globe.
Former NTDA president and BMTR chairman Don Smith died recently at the age of 89.
Don Smith’s long and influential tyre career began after the war, when he took over the running of the family business – Birmingham Motor Tyre Repository, one of the longest established tyre businesses in the country – from his father, J. J. Smith. He was a staunch supporter of the NTDA, and was the association’s president in 1969. Later he was appointed an honorary member and also served as a trustee of the association in the early nineties.
Aeolus Tyre has confirmed the appointment of Wang Feng as chairman of the company’s Board, effective 30 August. Mr. Wang, who is general manager of Aeolus Tyre, was previously named acting chairman following the resignation of incumbent chairman Cao Zhaoyang on 21 August.
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