Marcos Oliveira, president and CEO of Iochpe Maxion, has announced the promotion of Pieter Klinkers (44) to the role of CEO of Maxion Wheels, effective 1 March 2015. Klinkers, from the Netherlands, succeeds Fred Bentley in this role at the world’s largest manufacturer of aluminium rims for passenger cars and steel rims for cars and commercial vehicles. While Bentley led the company from the USA (Northville, Michigan), in future Klinkers will execute his duties as CEO from Königswinter, near the former West German capital of Bonn, where he is currently based.
During the financial year before last, the Brazilian Iochpe-Maxion Group (the parent company of Maxion wheels) bought Hayes Lemmerz for approximately US$725 million. The acquisition came after the world’s largest wheel manufacturer put down two bankruptcies during the first part of the new millennium, and thus had large amounts of debt to contend with. Eventually the company’s investors finally ran out of patience leaving the obvious question – what has happened to the car aluminium wheel division since then?