VENTURA, Calif. Daniel L. Beach, president and CEO of Parnelli Jones Inc., has sold his stake in the company to pursue other interests. The Ventura-based company, which operates 93 retail locations in seven states, said Mr. Beach would leave the firm ``as soon as practical.''
Former chief operating officer Richard O'Neil has taken over as president and CEO.
Mr. Beach founded Dob's Tire & Auto Centers and eventually merged its 63 stores with Parnelli Jones in 1993.
Bridgestone to enter Formula One racing
NASHVILLE, Tenn. Bridge-stone Corp. will begin supplying tires for Formula One racing during the 1998 season, said its U.S. firm, Bridgestone/Firestone Inc.
The company said the racing series would help it reach its goal of 20 percent global market share by 2000.