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Titan International, Inc. Announces Appointment of Laura K. Thompson, Former Executive Vice President of The Goodyear Tire & Rubber Company, to Board of Directors

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Titan International, Inc. announced the appointment of Laura K. Thompson to its Board of Directors, effective April 1, 2021. Ms. Thompson has over 35 years of experience in global business, particularly with Goodyear, where she served as Executive Vice President and Chief Financial Officer. Her extensive background in finance and tire manufacturing is expected to bring valuable insights to Titan. Morry Taylor, Chairman of the Board, expressed confidence in her contributions as Titan enters a new chapter in its history.

Positive
  • Appointment of Laura K. Thompson, bringing over 35 years of experience in finance and tire manufacturing.
  • Her background includes senior roles at Goodyear, which may enhance Titan's operational strategies.
  • Inclusion in key committees (Audit, Nomination, and Compensation) suggests significant influence on company governance.
Negative
  • None.

QUINCY, Ill., March 31, 2021 /PRNewswire/ -- Titan International, Inc. ("Titan") announced today that Laura K. Thompson, 56, has been appointed to Titan's Board of Directors (the "Board"), effective April 1, 2021. Ms. Thompson was also appointed to serve on the Audit, Nomination, and Compensation Committees of the Board.

Ms. Thompson is a global business executive with deep financial and business expertise established over a 35-year career with The Goodyear Tire & Rubber Company.  Ms. Thompson served as Executive Vice President of Goodyear until her retirement in March 2019, and from 2013 to 2018 she served as Executive Vice President and Chief Financial Officer.  She also served in various finance and business roles including Vice President Finance North America, Vice President Business Development and Director Investor Relations.  Ms. Thompson is also a Director at Parker Hannifin Corporation and WESCO International Inc. 

Ms. Thompson earned an undergraduate degree in Accounting and an MBA in Finance from the University of Akron.

Morry Taylor, Chairman of the Board stated "Titan International is very pleased to have Laura Thompson join Titan's Board of Directors. I have known Laura for years and have had the pleasure of working with her on business dealings between Titan and Goodyear. Paul Reitz, Titan's CEO/President and Board Member, has also worked with Laura and is excited to have her on Titan's team. Laura not only has great financial experience, but she also has invaluable work experience in tire manufacturing. There is no question she will make great contributions to Titan as a new chapter in the company's history begins."

About Titan:

Titan International, Inc. (NYSE: TWI) is a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products. Headquartered in 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)

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SOURCE Titan International, Inc.

FAQ

Who is Laura K. Thompson and what is her role at Titan (TWI)?

Laura K. Thompson is a newly appointed member of Titan International's Board of Directors, effective April 1, 2021, bringing extensive experience in finance and manufacturing.

What experience does Laura K. Thompson have relevant to Titan (TWI)?

Laura K. Thompson has over 35 years of experience, including serving as Executive Vice President and Chief Financial Officer at Goodyear.

What committees will Laura K. Thompson serve on at Titan (TWI)?

Laura K. Thompson will serve on the Audit, Nomination, and Compensation Committees of Titan's Board.

When did Laura K. Thompson's appointment to Titan's Board take effect?

Her appointment took effect on April 1, 2021.

Titan International, Inc.(Delaware)

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Steel Works, Blast Furnaces & Rolling Mills (coke Ovens)
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