QUINCY, Ill. (July 31, 2013) — Titan International Inc. has appointed Peter McNitt, vice chairman of BMO Harris Bank, to Titan's board of directors, effective immediately.
As part of BMO Harris Bank's executive leadership team, Titan said Mr. McNitt has a wide range of responsibilities focusing the organization on "delivering the full breadth of wealth, commercial and investment banking capabilities to the bank's customers." He has direct responsibility for strategic initiatives that strengthen BMO Harris' capabilities around customer focus and development and expand the bank's market visibility and presence.
During his career, Mr. McNitt has held a number of leadership roles, according to Quincy-based Titan. He was named BMO Harris' senior vice president and head of the emerging majors Midwest in 1994. Since that time, he has led U.S. corporate banking (as executive vice president), U.S. Investment Banking (as executive managing director), and business banking (as vice chair).
He graduated from Amherst College and has attended programs at Northwestern University's Graduate School of Management and the Graduate School of Credit and Finance at Stanford University. Mr. McNitt also is on the board of Youth Guidance and the Chicagoland Chamber of Commerce, is chairman of the board of managers for the YMCA of Metropolitan Chicago, and is on the board of trustees for WTTW. He also is a member of the Executives' Club of Chicago and the Economic Club of Chicago.
Maurice Taylor Jr., Titan's chairman and CEO, said Mr. McNitt "has watched Titan grow from a startup company to where we are today. McNitt's relationship with Titan began in 1984 when he was the loan officer on our first bank loan with Harris Bank. His familiarity with our business and his financial expertise will be a great addition to our board."
Titan is a holding company that owns subsidiaries supplying wheels, tires, assemblies and undercarriage product for off-highway equipment used in agricultural, earthmoving/construction and consumer applications.