MEMPHIS, Tenn. (March 15, 2005) — Dan Hunter, president of Del-Nat Tire Corp. since 2001, left his post effective March 14, and tire dealer Dick Erickson, chairman of the buying group's board, will assume the position as a search gets under way for a replacement.
Mr. Erickson, owner of Sun Tire Inc. in Jacksonville, Fla., said he will be in Memphis often during the search, though he declined to set a timetable for the process. Mr. Erickson said the search will be “slow but intense.”
“In today's competitiveness, we'll not do anything quick,” he said. “We're looking for what best fits the needs of our stockholders and we'll stay focused on that.”
Mr. Hunter, a former Yokohama Tire Corp. executive, had been president of Del-Nat since 2001.
“As we moved forward, it became evident to probably all parties it was time for a change,” Mr. Erickson said, adding the shift wasn't the result of management problems, but primarily changes in the buying group landscape.
“Dan is a very capable person, I have a close relationship with him and of course we wish him the best,” Mr. Erickson said.