BENSALEM, Pa. — SimpleTire L.L.C. President Karthik Iyer will add the title of CEO when he succeeds co-founder Andy Chalofsky, who plans to leave the online tire retailer in June as part of a planned succession.
Chalofsky will continue as a shareholder in the business.
Iyer joined SimpleTire in 2020 as president to accelerate its growth strategy. The company has doubled employment and grown revenue over 40% since then the company said.
"I have been consistently impressed with Karthik's ability to scale the company and have full confidence in his capability to lead the team forward," Chalofsky said.
"I am excited to focus on taking a leading role in my other businesses, including a continued partnership with Dealer Tire in a start-up venture. I look forward to continuing my involvement with SimpleTire as a shareholder, adviser and co-founder."