VERNON, British Columbia (July 18, 2005) — Ken Finch has been appointed president of Kal Tire by retiring founder and President Tom Foord.
Mr. Foord, who will stay on as chairman of Kal Tire's board of directors, said it was time to step aside to allow the younger generation of the company to lead it into a new era.
The transition was planned for some time, but Senior Vice President and General Manager Archie Stroh's decision to retire this year formalized the plan, Kal Tire said. Mr. Stroh also will remain on the board of directors.
“Ken has the utmost confidence and support of myself and Archie, and he has consistently shown us and everyone else in our company the strength and depth of his leadership skills,” says Mr. Foord.
Mr. Finch, formerly senior vice president of stores, joined the dealership in 1980. He will continue to head up Kal Tire's real estate, construction and safety divisions, and he said the company culture will not change under his leadership.
“We have a really strong culture in how we treat our customers and our employees—that's our strength,” Mr. Finch said in a prepared statement.
Kal Tire, which has more than 2,200 employees, operates 129 corporate stores, 50 associate stores, five warehouses, 11 mining operations and 13 tire retread plants. The company recently purchased Mississauga Tire Centre's nine outlets in Southern Ontario and last year acquired 11 Sears, Roebuck and Co.-owned auto service shops in British Columbia and Alberta.