SmarTire Reorganises Management

SmarTire Systems has reorganised its senior management team. President and CEO Robert Rudman has resigned and will serve SmarTire as both the non-executive chairman of the board and as a consultant to the company. Chief operating officer Al Kozak will take his place. The general manager of the company’s European operations, Nigel Hammond, has also been promoted to the new position of managing director, SmarTire (Europe).

Rudman said, “As SmarTire enters its next major stage of development, it is necessary that all members of our senior management team have the responsibility and authority to focus their unique skill sets on the opportunities and challenges ahead. In my particular case, I can best serve SmarTire as the chairman of the board and consultant to the company. With the completion of the major financing that we announced yesterday, SmarTire now has the capital resources to execute on its strategic plan, an area in which I will play an active role. In addition, I will continue to be the company’s primary representative to the investment community.”