NASHVILLE, Tenn. (March 17, 2015) — Newly renamed Carlstar Group L.L.C. has hired as CEO John Salvatore, a retired executive with BASF Construction Chemicals.
He succeeds Kevin Forster, who will remain on the Carlstar board of directors and continue as a senior adviser to the company's owner, American Industrial Partners.
Carlstar is the new name for CTP Transportation Products L.L.C., producer of Carlisle-brand specialty tires and wheels.
Mr. Salvatore brings 33 years of executive experience in the industrial sector as well as some familiarity with Carlstar, having joined the board of directors of CTP in mid-2014.
Mr. Salvatore retired two years ago as head of BASF Construction Chemicals Americas, where he was responsible for a business approaching $1 billion in annual sales. He also has experience with Evonik Degussa Corp. and Harris Specialty Chemicals, among others, Carlstar said.