LAKE FOREST, Ill. (May 17, 2013) — At its annual meeting, automotive supplier Tenneco Inc.'s shareholders re-elected eight members to the company's board of directors.
Re-elected to serve a term expiring at the 2014 annual meeting of stockholders were: Thomas C. Freyman, Dennis J. Letham, Hari N. Nair, Roger B. Porter, David B. Price, Jr., Gregg M. Sherrill, Paul T. Stecko, and Jane L. Warner.
Lake Forest-based Tenneco said stockholders also approved an amended and restated Tenneco 2006 Long-Term Incentive Plan, ratified the appointment of PricewaterhouseCoopers L.L.P. as independent accountants for 2013, and, in an advisory vote, approved the company's executive compensation.
The company also recognized the service of Mitsunobu (Tony) Takeuchi, who is retiring from Tenneco's board of directors, effective May 15. Mr. Takeuchi, the retired Chairman of DENSO International America Inc., the North American arm of Japan-based DENSO Corp., had been a member of Tenneco's board since 2006.
"Tony's industry experience and global business perspective helped guide our growth and strengthen Tenneco's position as a market leader in both our clean air and ride performance product lines," said Tenneco Chairman and CEO Gregg Sherrill. "On behalf of my fellow board members, shareholders and employees, I want to thank Tony for his outstanding service on the Tenneco board."
Tenneco designs, manufactures and markets clean air and ride performance products and systems for automotive and commercial vehicle original equipment markets and the aftermarket under the principal brand names Monroe, Walker, XNOx and CleviteElastomer.