MEMPHIS, Tenn. (June 13, 2014) — Del-Nat Tire Corp. has parted ways with President Jim Mayfield and Vice President Lyle Symonds and named Brian Grant, a restructuring expert with Conway MacKenzie Inc., as interim CEO.
The Memphis-based private brander and wholesale distributor told its shareholders in an email dated June 12 that the board of directors “has decided that a change of direction is needed.”
No other information was disclosed. The email said: “All Del-Nat senior management will be reporting to Brian.”
According to his Conway MacKenzie biography, Mr. Grant “provides restructuring and business assistance to troubled companies and their creditors on financial, operational, and strategic issues.