Dan Wire, chairman and CEO of Treadways Corp., plans to retire March 31 though he will continue as a consultant for the company through March 2008.
The East Norriton-based company also announced additional personnel changes among its private brand divisions.
In a statement, Mr. Wire said he and his wife plan to return soon to their native Indiana, from which he will commute to East Norriton for the remainder of the fiscal year. He said the plan to return to Indiana was the major reason for his decision.
``It is also very gratifying to be able to pass along a company that is at the very top of its game,'' he said in the statement. ``Treadways has achieved record sales and profits for each of the past three years and, based on a record first quarter in 2005, is well on its way to a fourth straight year.''
Mr. Wire said his main frustration with his tenure has been unsuccessful attempts to move Treadways into the retail market.
``It is apparent that it is going to take a lot more time and effort than I am willing to commit, so that goal is best left to my successor,'' he said.
Mr. Wire declined to comment further to Tire Business on his retirement or possible entries into the retail arena.
Mr. Wire joined Treadways as senior vice president of sales and marketing for the Sumitomo division in 1991. He was named president and CEO in 1996 and was named chairman in 2002. He began his career in the tire industry in 1968 with Firestone Tire & Rubber Co.
Mr. Wire, who grew up in Scottsburg, Ind., and his wife Dee have two children and six grandchildren.
Treadways, which markets the Jetzon, Telstar, Eldorado, Laramie and Sumitomo brands, also named Lyle Symonds senior vice president of private brand sales. In the post, he will oversee the Laramie, Eldorado, Jetzon and Telstar tire divisions.
Most recently Mr. Symonds, a five-year Treadways veteran, had served as vice president, sales and marketing for the Eldorado division. Prior to joining Treadways, he worked for Continental Tire North America Inc.
Replacing Mr. Symonds in the Eldorado division will be Chris Dickson, currently dealer development manager for Treadways' TreadXpress division. Mr. Dickson, who has worked for Treadways for two years after a 31-year career with Continental, will relocate to East Norriton from Texas.
Additionally, Bob Klimm has been named vice president, sales and marketing for Treadways' Laramie brand. Mr. Klimm most recently served as national sales director for TreadXpress and will be based in Dallas.
John McAndrew was named vice president, sales and marketing for TreadXpress, responsible for sales growth of the eight wholesale centers in the U.S. He has worked for Treadways for 10 years, most recently as vice president of special accounts.
Treadways said its Sumitomo Tire unit will remain a separate division under Richard Purol, vice president, sales and marketing. That division reports directly to President Roy Araki, while the others report to Mr. Symonds, who in turn reports to Mr. Araki.