Bridgestone South Africa

Maxiprest appoints new CEO

Jan 01, 2005

Bridgestone Firestone Maxiprest Limited confirms the appointment of Colin Brown, previously joint managing director responsible for operational management, as Chief Executive Officer. Davison is the new executive director, responsible for corporate strategy.

Colin Brown and Mike Davison had for the past two years jointly shared responsibility as managing directors of the group.

Mr Brown had been involved in the tyre industry since 1975 and he has served Bridgestone Firestone Maxiprest board since 1990.

The new structure ensures that the strategic objectives of the group are clearly set, implemented and continuously measured in ensuring continued growth and achievement of the group's value-based management philosophy : "creating and enhancing value for all its stakeholders".

The subsidiary of Bridgestone Firestone South Africa was listed in 1997, recently reported a 10.8% rise in interim headline earnings. It added that forward expectations remained favourable in line with industry norms.

=============================== strlen:1041
Bridgestone South Africa

About Bridgestone

The Bridgestone Group is eternally committed to serving society with superior quality.

The group will fulfill our responsibilities decisively. As you reach for the future, the Group will remain by your side.