Walter Lybeck, the former chief financial officer and current interim CEO for Tire Factory, has been named CEO of the co-op.
The position has been vacant since August 2015 when former CEO John Kreidel left Tire Factory. Lybeck joined the company in 2010 as CFO and served as interim CEO during the CEO vacancy.
“Our search committee, made up of five board members completed a lengthy nationwide search to find a CEO with the skills to operate the company, grow its membership and continue our history of profitable growth,” Gill said. “After interviewing several qualified candidates, the search committee was unanimous in selecting Walter as the candidate with the right blend of experience, operational, financial skills and cultural fit required to do the job successfully. Walter has earned a great reputation among members as interim CEO, and his selection will be very popular.”
Prior to joining Tire Factory, Lybeck worked as director of finance and accounting at Rejuvenation and held other financial positions for Nautilus, Oregon Steel Mills, Intel and Delloitte.
“Since joining the company,” Lybeck said, “I’ve been excited about Northwest Tire Factory’s business model, the quality of its members, employees, and financial performance; but most of all its potential for profitable growth. I’m looking forward to helping the company achieve its full potential.”
In 2015, Tire Factory joined Point S and is in the process of converting Tire Factory stores to Point S Tire and Auto Service locations.
