Toyo Nominates New President, Chairman

Toyo Nominates New President, Chairman

Toyo Tire & Rubber Co. has appointed Katsumi Komaguchi as its new chairman and Takashi Shimizu as president. Approval of the nominees will be voted on in a special extraordinary meeting of shareholders on Nov. 12, the company said.

Komaguchi and Shimizu will replace Akira Nobuki and Takuji Yamamoto who resigned following the company’s earthquake bearing scandal.

Komaguchi will join Toyo in mid-October as an advisor, and upon gaining shareholder approval will become chairman of the board. Previously, Komaguchi served as representative director and deputy chairman at Kyocera Document Solutions Inc.

Shimizu, who is the current general manager of Toyo’s North American business, will take over the role of general manager of Toyo’s Seismic Isolation Rubber Division in addition to his role as company president, Toyo said.

The Board of Directors will also vote on the appointment of four additionally directors at the special meeting.


   Related items

  • Swedish retreader adds Marangoni technology
    Italy—Swedish retreader Dacknor A.B. has partnered with Marangoni Retreading Systems to upgrade its offerings, according to a release issued by Roverto-based... Read more
  • Disreputable traders, illegal tyres – association shares part-worn experiences
    Although the National Tyre Distributors’ Association would like to see them banned and TyreSafe implores motorists not to buy these products, around 4.5 million part-worn tyres are sold in the UK each year. The Local Government Association (LGA) has now also highlighted some of its members’ experiences with the sellers of used tyres, and cautions motorists to exercise caution when... Read more
  • Sri Lanka’s largest fully integrated tire plant to be built with Rs11.25bn
    Rigid Tyre Corporation (Pvt.) Ltd. Equipped with the latest technology, this new plant is destined to roll in a new page in the industrial sector of Sri Lanka. It comes with the healthy integration of political acumen, local entrepreneurship and proven European technology in the form of a world reputation – Marangoni of... Read more
  • ATG’s Constellation truck tyre brand not coming to Europe, for now
    Shortly after its acquisition by Yogesh Mahansaria and private equity company Warburg Pincus in 2007, the Alliance Tire Group (ATG) exited the car and truck tyre market and began building up a strong reputation as an off-road tyre... Read more
  • Michelin Unveils New UHP Tire at NAIAS
    Michelin introduced its newest ultra-high-performance tire – the MICHELIN Pilot® Sport 4 S – today at the North American International Auto Show. The product succeeds the MICHELIN® Pilot® Super Sport, which is widely recognized as the industry-leading ultra-high-performance tire for original equipment and replacement... Read more
Login to post comments


Remember Me