TAIPEI, Taiwan — Federal Corp. has promoted industry veteran C.I. Chen to president of the company. The move was effective May 8.
Mr. Chen previously was vice president of Federal. Prior to joining Federal, he had nearly 30 years of experience with Goodyear. One of his roles there was vice president of business development.
In his new role, Mr. Chen will work closely with the Federal corporate management team, led my Chairman Jamie Ma, to lead the organization "under its heritage and guiding principles of innovation, integrity, and relentless pursuit of excellence," the Taipei-based company said.
Federal is considered the No. 60 tire maker worldwide, with estimated 2018 sales of $245 million.