Thomas Group Names New CEO
Professional services firm Thomas Group has named James “Jim” Taylor CEO and president of the company, effective Jan. 13. Taylor succeeds John Hamann as CEO. For the last three years, Taylor has served as Thomas Group’s executive vice president and CFO. He has been credited for successfully returning Thomas Group to profitability following the 2001 consulting industry downturn and global recession. Taylor will remain CFO on an interim basis while assuming his new responsibilities.
Motor Industry Chiefs See More Mergers and Acquisitions Ahead, Especially in Asia
Automotive executives are losing their taste for strategic alliances and expect to see an increase in mergers and acquisitions in the industry over the next five years, particularly in Asia, according to the results of the fifth annual survey of the automotive industry by consultancy KPMG LLP. Consolidation was seen as occurring globally, but respondents in particular focused on Asia, where 73 percent said they expect an increase. Sixty percent pointed to an increase in Europe, while 50 percent of those polled saw stepped up M&A activity in North America.
Bridgestone Americas’ Lampe To Retire
John Lampe, chairman, CEO and president of Bridgestone Americas Holding, who led the company’s remarkable recovery after devastating tire recalls in late 2000 and early 2001, announced today that he is retiring effective Mar. 31. He will be succeeded as chairman and CEO of BAH by Mark Emkes, currently chairman, CEO and president of Bridgestone/Firestone North American Tire (BFNAT). Lampe announced his retirement this afternoon during a company-wide live Web cast and conference call. In addition, Lampe and Emkes granted Tire Review an exclusive in-depth interview about the retirement and the company’s future plans earlier this morning.
Hawk Corp. Announces Restructuring Plan
Hawk Corp. has initiated a new plan to focus on its two primary business segments — friction products and precision components, in an effort to improve the company’s global competitive cost position and support long-term growth initiatives in these segments. As part of the repositioning plan the company intends to achieve cost savings at its friction products segment by moving operations at its Brook Park, Ohio, location to a new U.S. production facility. Hawk also said it plans to sell its motor segment and engage the services of an investment banker to advise the company as it reviews strategic alternatives relating to Hawk’s Tex Racing business unit.
Tenneco Automotive’s Walker Brand Launches Program to Boost Shops’ Exhaust Margins
Tenneco Automotive, manufacturer and marketer of Walker exhaust products, has launched a new product marketing and merchandising initiative designed to help shops recapture lost margins. At the heart of the program is an all-new Walker premium replacement muffler – the Quiet-Flow3 – which the company says delivers the precise sound, fit and guaranteed durability that is preferred by owners of late-model domestic and import vehicles.
Brake Parts Inc. Names VP of Sales for Branded Products
Brake Parts Inc. has promoted Mike Fiorito to the position of vice president of sales – branded products. As part of its continuing focus on customer relationship management, the company is combining the leadership of its branded sales groups, according to Charlie Westmoreland, senior vice president of sales.
Start Planning for National Car Care Month Now
For the second year, National Car Care Month will be held in April, providing tremendous opportunities to communicate with female consumers. That’s the word from the organizers of the Bluegrass Car Care Clinic in Lexington, Ky. For 15 years, the Professional Master Technician’s Association (PMTA) in Lexington, along with the Kentucky Indiana Automotive Wholesalers Association (KIAWA), have held vehicle check lane events during National Car Care Month (NCCM).
Nearly 35,000 Manufacturing Professionals Expected at National Manufacturing Week
Nearly 35,000 manufacturing professionals from more than 10,000 companies are expected at National Manufacturing Week (NMW), scheduled to take place Monday, Feb. 23, through Thursday, Feb. 26, in Chicago. The event is organized by the National Association of Manufacturers (NAM). The latest in innovative manufacturing technologies and processes will be featured at the event. NMW’s six shows cover design engineering; plant engineering and facilities management; industrial automation; enterprise IT; technology and cleaning technology.
Automotive Market Research Council Begins 2004 Light Duty Aftermarket Forecasting Project
The Light Duty Aftermarket Committee of the Automotive Market Research Council (AMRC) has begun research for its annual aftermarket product forecasting project. The project gathers market information, both in dollars and units, for 11 different product lines and systems. Each year the light duty aftermarket project establishes demand trends by product line and for the light duty aftermarket overall, including a three-year dollar forecast by product and a review of market issues impacting sales.
Herman Trend Alert: What Some Recruiters Look For
As futurists, we are often asked by concerned parents what advice they should give to their children. What courses to take? Where will the jobs be in the future? Because of the speed of evolution of occupations and technology, we recommend that young people study liberal arts to gain a good grounding in a wide range of areas. Students learn how to research and explore, solve problems and make decisions, challenge and collaborate—vital skills in today’s workplace. We’ve seen another trend emerging recently.