Out of the Ordinary: Executive Interview with Tom Dattilo, Cooper Tire & Rubber President and CEO
To get a sense of Cooper Tire & Rubber Co. and its chairman, president and CEO, you need look no further than Tom Dattilo’s corner office. Unlike the vistas other captains of industry enjoy from their lofty perches, Dattilo’s third-floor office overlooks Oler’s Drive Thru, a convenience store that stands as a stark reminder of who the real boss is – the retail customer.
Midas Reports Third Quarter Results; Announces Plans to Exit Exhaust Manufacturing Business
Midas has reported net income of $2.1 million, or 13 cents per diluted share, for the third quarter, which ended on Oct. 2. This the company’s second consecutive quarter of positive net results.
TIA Announces 2004 Tire Industry Hall of Fame Inductees
The Tire Industry Association (TIA) has announced the names of those who will be inducted into the Tire Industry Hall of Fame for 2004. John Lampe, retired chairman, CEO and president of Bridgestone Americas, and Mario Marangoni, chairman, CEO and president of the Marangoni Group were chosen by a selection committee for their achievements and leadership that have helped shaped the tire industry.
Midas Returns To Profitability
Midas has reported net income of $2.6 million — or 16 cents per diluted share — for the second quarter, which ended on July 3. This marks company’s first quarterly net income since the third quarter of 2002. Last year, Midas reported a second quarter loss of $32.7 million — or $2.10 per diluted share — after business transformation charges of $50.8 million — or $1.99 per share — for establishment of an accrual for warranty obligations, asset write-downs and employee severance costs related to the company’s shutdown of its wholesale distribution system.
BFS Unit to Acquire David Early Tire Co.
BFS Retail & Commercial Operations, LLC (BFRC) has entered into an agreement to acquire certain assets of the David Early Tire Company (DETC), a privately held, independent tire retailer based in Salt Lake City, Utah. Under the agreement, BFRC will operate DETC stores after converting the locations to the Firestone Tire & Service Center format.
Ninth Annual GAAS Kicked Off in Chicago
While the theme of this year’s Global Automotive Aftermarket Symposium (GAAS) — Leaner, Faster, Better — may connote the automated efficiency of a well-run machine, the true focus of the day’s numerous presentations was on the talented pool of people who make up that machine and how to make better use of them. “The core of any great business is the people,” said GAAS founder and chairman Mort Schwartz, who welcomed approximately 400 aftermarket executives to the event.
Firestone Tire and Service Centers Kick Off 2004 Car Care Academies
BFS Retail & Commercial Operations, LLC (BFRC) has announced the nationwide schedule for its 2004 Car Care Academy campaign, which kicks off in time for National Car Care Month in April. These free, interactive seminars will be held at Firestone Tire & Service Centers and Tires Plus stores across the U.S. The seminars will teach consumers what they can do on a monthly basis to help keep their cars running in better condition.