Goodyear Makes Finance Switches
With the upcoming retirement of its vice president of finance and controller, Goodyear has shuffled its financial group deck. Thomas Connell, the current vice president and controller, plans to retire effective Mar. 1, 2011. Richard Noechel, vice president of finance for Goodyear’s North American Tire unit, was named vice president and controller, succeeding Connell. Laura
Cooper Appoints Finance Exec
Cooper Tire & Rubber Co. promoted Brian Anderson to director of financial planning and analysis. Anderson succeeds Craig Durliat, who recently became director of credit for the North American tire organization. In his new role, Anderson will coordinate and consolidate global business plans and create the North American tire operations financial plans. He will also partner with
Goodyear Appoints Finance Execs
Goodyear Tire & Rubber Co. has named Damon Audia, Scott Honnold and Jenny Wang to new leadership positions. Audia, senior vice president of finance and treasurer, was elected senior vice president of finance for the company’s Asia Pacific region, which is headquartered in Shanghai, China. Audia replaces Jenny Wang, who has accepted a new position
ATD Plans Note Offering to Finance Acquisition
American Tire Distributors will offer $250 million in senior secured notes to help its parent company finance part of its recent acquisition. Last month, ATD was acquired by equity company TPG Capital in a $1.3 billion deal. The sale is set to close by mid-year. Under the note offering, ATD will “offer $250 million aggregate
Pirelli Enters Italian Ethical Finance Index
Since December, Pirelli has been in the ethical finance index ECPI Ethical Index EMU. Pirelli’s placement occurred after a classification by E. Capital Partners (ECPI), the rating company leader in socially responsible investments. The index includes the top 150 companies that have been found to be leaders of sustainability as a result of the screening
Ruia Pledges Dunlop India Stake to Refinance Loan
It has been revealed that the Ruia Group has pledged 51% of its 74.5% shareholding in Dunlop India with a private bank in order to raise Rs 6 billion (US$125 million) to refinance a hedge fund debt.
Goodyear Names N.A. Unit COO, Shuffles Finance Team
Marc Voorhees has been named COO of Goodyear’s North American Tire unit.
New Finance VP at Hercules
Steve Baginski was hired by Hercules Tire & Rubber Co. as its new executive vice president of finance and administration.
Cooper Tire Announces Finance Moves
Cooper Tire & Rubber Co. announced several position changes and re-assignments connected with its recently announced joint venture company in Quer
Organize Finances
Being constantly busy is agood thing when it comes to your business. But the frenzied pace couldcontribute to a total disorganization of your company’s financial picture. Hereare some easy ways to get your finances organized: • Never mix personal andbusiness expenses. • Organize all yourfinancial records. Create specific file folders for POs, bills, bankstatements, etc.