Yokohama Tire Corporation VP/COO Jim MacMaster to retire

Yokohama Tire Corporation VP/COO Jim MacMaster to Retire in June 39-year tire industry veteran and former Rubber Manufacturers Association chair will step down after three decades of management at Yokohama FULLERTON, Calif. (April 7, 2010) --...

Yokohama Tire Corporation VP/COO Jim MacMaster to Retire in June

39-year tire industry veteran and former Rubber Manufacturers Association chair will step down after three decades of management at Yokohama

FULLERTON, Calif. (April 7, 2010) -- On June 30, Jim MacMaster, Yokohama Tire Corporation (YTC) executive vice president and chief operating officer, will retire after 39 years in the tire industry. MacMaster, who also served as Chairman of the Rubber Manufacturers Association from 2007 - 2009, began his career with a three-year stint in the Navy, followed by work in the defense and computer industries and then 10 years on the manufacturing and dealer side of the tire business. He ultimately joined Yokohama in January 1981.

"The tire industry has been home for most of my adult life," said MacMaster, who has been married for 45 years to wife Theresa and has two children and two grandchildren. "I'll certainly miss the everyday challenges at Yokohama and all of the great people I've worked with for so many years, but I'm looking forward to spending more time with my family in Georgia and doing a lot of traveling."

During his 30-year tenure at Yokohama -- the U.S. flagship for Tokyo, Japan-based Yokohama Rubber Company (YRC) -- the organization grew from a $30 million company to nearly $1 billion and is now the seventh largest tire manufacturer in the world.

"When I look back, my proudest achievement at Yokohama was the acquisition and expansion of our Salem, Virginia facility in 1989," said MacMaster about the factory that produces a large majority of the passenger tires Yokohama sells in the U.S. "The flexible architecture of that plant lets us build an array of types and sizes of tires, which adds to YTC's competitiveness in the North American marketplace."

"The terms 'team' and 'relationships' are often overused, but our team at Yokohama has taken this company from years of losses to prosperity -- even in our current economic situation. I want to thank everybody for their dedication and support. I have been privileged to watch careers and families grow and I am so proud of our associates.

"I have also been very fortunate to have wonderful relationships with our customers, our marketing partners and industry leaders. My time at Yokohama is full of so many favorite memories."

According to Takao Oishi, YTC president and CEO, "Jim has held nearly every leadership position at YTC, where he has been the foundation and the face of our company. We all will deeply miss his keen insights and industry knowledge.

"On behalf of everybody at YTC and YRC, we are proud to have been associated with Jim and honored that he chose to be part of the Yokohama family for so many years. We offer Jim and Teri our best wishes as they embark on the next phase of their life together."

Celebrating its 40th anniversary in the United States, Yokohama Tire Corporation is the North American manufacturing and marketing arm of Tokyo, Japan-based The Yokohama Rubber Co., Ltd., a global manufacturing and sales company of premium tires since 1917. Servicing a network of more than 4,500 points of sale in the U.S., Yokohama Tire Corporation is a leader in technology and innovation. The company's complete product line includes the dB Super E-spec0x2122 - the world's first tire to use orange oil to reduce petroleum -- as well as tires for high-performance, light truck, passenger car, commercial truck and bus, and off-the-road mining and construction applications. For more information on Yokohama's extensive product line, visit www.yokohamatire.com.

Yokohama is a strong supporter of the tire care and safety guidelines established by the Rubber Manufacturers Association and the National Highway Transportation and Safety Administration. Details can be found at the "Tire Safety" section at www.yokohamatire.com.

-source: yokohama

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