Le Lézard
Classified in: Transportation
Subject: PER

Titan International, Inc. Announces Plans to Transition Chief Financial Officer Position



QUINCY, Ill., April 16, 2018  Titan International, Inc. (NYSE: TWI) ("Titan" or the "Company") today announced that it notified James M. Froisland, the Company's Chief Financial Officer and Chief Information Officer, that the Company will not renew his employment agreement upon the expiration of the initial term of the agreement on December 5, 2018.  Pursuant to the terms of the agreement, the agreement was scheduled to renew automatically unless Mr. Froisland or the Company provided a notice of non-renewal at least six months prior to its expiration or otherwise terminated the agreement in accordance with its terms.  A search for Mr. Froisland's replacement is in process and the Company anticipates a replacement will be in place within the next several months.

Paul Reitz, President and Chief Executive Officer commented, "Jim has been instrumental in building a strong financial reporting environment at Titan that emphasizes sound internal controls and processes.  We appreciate the changes he's implemented to drive improvements in our Accounting and Information Technology areas.  Titan looks forward to having Jim continue in his role as we search for his successor."  

About Titan:

Titan International, Inc. (NYSE: TWI) is a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products. Headquartered in Quincy, Illinois, the company globally produces a broad range of products to meet the specifications of original equipment manufacturers (OEMs) and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets. For more information, visit www.titan-intl.com.

Titan International, Inc. logo. (PRNewsFoto/Titan International)

 

SOURCE Titan International, Inc.


These press releases may also interest you

at 01:00
GLASGOW, Ky., Oct. 18, 2018 /PRNewswire-PRWeb/ -- Those that have recently purchased a new car can understand how difficult and time-consuming the process can be. Drivers need to research new cars, find the right one for them, find a dealership...

at 01:00
A year after the company's successful first crowdinvesting campaign, the Munich-based mobility provider Sono Motors today announced the start of a second round of financing. The purpose of the campaign is to generate the capital needed for the...

at 00:00
Two very important goals of the El Cid Foundation are working to improve the lives of those who live in the community and creating awareness of the importance of ecological preservation. Based in the community of Mazatlán, El Cid Resorts provides...

17 oct 2018
Thermal Management System for Automotive Battery Market - OverviewThis report analyzes and forecasts the market for automotive battery thermal management system at the global and regional level.The market has been forecasted based on revenue (US$ Mn)...

17 oct 2018
Increased demand for luxury and performance vehicles (including SUVs, crossovers, and off-highway vehicles) to boost the growth of the torque vectoring market for automotive.Read the full report: https://www.reportlinker.com/p05593704 The torque...

17 oct 2018
The vehicle intercom system market is projected to grow at a CAGR of 6.89% from 2018 to 2023Read the full report: https://www.reportlinker.com/p05593700 The vehicle intercom system market is projected to grow from an estimated USD 845.9 million in...




News published on 16 april 2018 at 17:20 and distributed by: