Noble Retires as Bridgestone Australia Director
Bridgestone Australia’s Board of Directors has announced the retirement of Mr Barry Noble, B.Ec, FAICD, as a director of the Company, effective as of 1st August 2008. Mr Noble joined the Board as a non-executive director in July 2003, and the company’s directors have acknowledged Mr. Noble’s “significant contribution as an independent director during his five years on the Board.”
In March 2007, the directors advised that a proposal to privatise Bridgestone Australia through a selective capital reduction had been approved by shareholders. As a result, the company became a wholly owned subsidiary of Bridgestone Corporation of Japan. Now that these arrangements have been settled, the decision has been made that it is no longer necessary to have a non-executive director on the Board of the Australian company.