Tenneco Automotive Announces Executive Changes
Tenneco Automotive announced executive changes that adjust leadership responsibilities to best position the company for future growth. These transitions will begin immediately.
KEM Manufacturing to be Acquired by Private Equity Group
KEM Manufacturing announced it had reached an agreement to be acquired by the private equity investor group Jordelle Partners, LLC. The closing of the deal is scheduled for mid-August.
Philippine President Takes Delivery of First CNG Buses for Metro Manila
Cummins Westport Inc. has reported the July 1 launch by the Philippine Department of Energy (DOE) of the country’s first clean air public buses that will operate in Metro Manila. The buses are powered by Cummins Westport low-emissions natural gas engines.
Transpro’s Proposed Merger with Modine’s Aftermarket Business Moves Forward
Transpro yesterday announced that the Securities and Exchange Commission has declared effective its Registration Statement on Form S-4 concerning the planned merger of Modine Aftermarket Holdings, Inc., the automotive aftermarket business of Modine Manufacturing Company into Transpro. The combined company will be renamed Proliance International, Inc. and will trade on the American Stock Exchange under the ticker symbol “PLI.”
Cicero Appointed New Denman Tire CEO
Emanuele (Manny) Cicero has been named president and CEO of Denman Tire Corp., effective May 1, the company announced. Cicero replaces Charles Wright, who is retiring. Cicero, a seasoned professional with more than 27 years of experience in the tire industry, began his career with Michelin in 1978. In 1984, he joined Bridgestone as territory manager for Metro New York. Then, in 1999, Cicero was named president, OTR tire sales, for Bridgestone/Firestone North American Tire.
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.
Metaldyne Names Thomas Amato Executive VP, Commercial Group
Thomas Amato has been appointed executive vice president of Metaldyne’s Commercial Group. Tim Leuliette, Metaldyne chairman, president and CEO, made the announcement. In this new role, Amato will oversee global sales and marketing, supply chain management and corporate development. Reporting to Amato are: Roseann Stevens, vice president of sales and marketing; Linda Theisen, vice president of supply chain management; and Terry Iwasaki, director of finance, commercial group.
Canadian Tire Announces New Five-Year Strategic Plan
Canadian Tire has introduced its 2005-2009 strategic plan, which includes establishing up to 285 new and replacement retail stores, to shareholders. The strategic plan, according to the company, focuses primarily on five “imperatives” for all business lines. They include: growing sales and revenues, improving earnings performance, embedding a “customers for life” culture, extending growth and performance beyond 2009 and enhancing “value creation” through “financial flexibility and maximization of real estate assets.”
Bayco Products Joins NASCAR Automotive Aftermarket Program
Dallas, TX-based Bayco Products Inc. has signed an exclusive multi-year agreement with NASCAR to join the racing association’s automotive aftermarket marketing program. The agreement allows for Bayco work light and cord reel products to be “Officially Licensed” and carry the NASCAR brand.
Torvec Adds Two to Board of Directors
Automotive technology firm Torvec has elected Mary Ho and Philip Fain to its board of directors. Mary Ho is president of the China Millennium Council, a globally-recognized enterprise dedicated to fostering and developing innovative cultural, educational and community partnerships with China. A renowned expert in international negotiation, Ho has extensive experience in international public relations, corporate strategy development and transition management.