James E. ``Jim'' Bounds, a 50-year tire industry veteran, will retire from American Tire Distributors Inc. (ATD) by Aug. 31.
Mr. Bounds, who has served as the general manager of the company's Orlando, Fla., distribution center since 1989, will continue in his position until a successor is named. The Charlotte-based distributor said it expects to complete the transition by August.
Mr. Bounds started in the tire industry in 1954 with an internship at Lee Tire & Rubber Co. After various posts there, he joined Gates Rubber Co. in 1962 as reg-ional sales manager.
After 12 years, Mr. Bounds moved to the Jim Martin Tire Co. in Orlando to work as vice president of the wholesale division.
In 1989, ITCO Tire Co., a predecessor of ATD, bought Jim Martin Tire. For the past 14 years, Mr. Bounds has maintained some of the highest sales within the company and also served as a board member and officer of the former Florida Independent Tire Dealers and Retreaders Association, ATD said.