PALM BEACH GARDENS, Fla. — A familiar name has been named the new president and CEO of TBC Corp.
Sam Kato, who was a member of TBC's board of directors from 2015-18, has been named to the top job at TBC, replacing Laurent Bourrut, who is retiring.
TBC said Bourrut has completed his "assignment to position the company for strategic growth amid the evolution of the tire industry." Bourrut will serve as an executive adviser to Kato and TBC.
Kato has worked in the global automotive business for more than three decades, most recently serving atop Sumitomo Corp. of America's transportation businesses.
TBC said Kato was an instrumental part of the Sumitomo leadership team that formed a venture with Michelin North America Inc.in 2018 to establish a 50/50 ownership structure for TBC and which resulted in the formation of National Tire Wholesale.
Kato served as TBC's first chief administrative officer, with responsibility for legal and compliance, human resources, IT, digital, corporate strategy and communications.
Scott Clark, a member of the TBC board of directors, lauded Bourrut for his "leadership and vision during his tenure at TBC. We wish him well in his retirement and believe that the foundation he established for the company is in fact a launch pad for the future of TBC."