Yokohama Rubber informally decided the below-mentioned changes of senior management at the meeting of the board members held on 17 February, 2023. The changes will formally be approved after the general meeting of shareholders to be held on 30 March, 2023.

As of March 30, 2023

Promoted Member of the Board (current position
Shinji Seimiya

Member of the Board and Managing Officer, Chief Technical & productional Officer, in charge of IT & Management System Planning Div.

(Member of the Board and Officer, Chief Technical Officer, in charge of Quality Assurance Div., Head of Tire Development Div).

Newly appointed Members of the Board (current position)
Tomoaki Miyamoto
Member of the Board and Managing Officer, Head of Japan Replacement Tire Sales & Marketing Div, Head of Consumer Tire Product Planning Div, in charge of Corporate Administration Div, Member of the Board of Yokohama Tire Japan Co, Ltd.

(Managing Officer, Head of Japan Replacement Tire Sales & Marketing Div, Member of the Board of Yokohama Tire Japan Co, Ltd).

Yoshikuni Nakamura
Member of the Board and Managing Officer, Head of Tire Business Planning Div, in charge of Tire Overseas Sales & Marketing Div, in charge of Corporate Social Responsibility Div.

(Managing Officer, Head of Tire Overseas Sales & Marketing Div, Chairman of Yokohama Asia Co, Ltd.)

Masahiro Yuki
Member of the Board and Officer, Head of Corporate Planning Div., in charge of Quality Assurance Div., Chairman of Yokohama Rubber (China) Co., Ltd.

(Officer, Chairman of Yokohama Rubber (China) Co, Ltd, Chairman of Yokohama Tire Sales (Shanghai) Co, Ltd, Chairman of Hangzhou Yokohama Tire Co, Ltd, Chairman of Suzhou Yokohama Tire Co, Ltd, Chairman of Yokohama Industrial Products - Hangzhou Co, Ltd, Chairman of Yokohama Industrial Products Sales - Shanghai Co, Ltd, Vice Chairman of Shandong Yokohama Rubber Industrial Products Co, Ltd).

Megumi Shimizu
Member of the Board (Outside)

(Audit & Supervisory Board Member (Outside))

Junichi Furukawa
Member of the Board (Outside)

Newly appointed Members of the Board and the Audit ＆ Supervisory Committee
Gota Matsuo

Member of the Board, Member of the Audit ＆ Supervisory Committee

(Member of the Board and Managing Officer, Chief Financial Officer, Head of Corporate Administration Div, in charge of Corporate Finance & Accounting Dept, Head of Corporate Social Responsibility Div, in charge of IT & Management System Planning Div, in charge of PRGR).

Hisao Uchida
Member of the Board, Member of the Audit ＆ Supervisory Committee

(Audit & Supervisory Board Member)

Hirokazu Kono
Member of the Board, Member of the Audit ＆ Supervisory Committee (Outside)

(Member of the Board (Outside))

Atsushi Kamei
Member of the Board, Member of the Audit ＆ Supervisory Committee (Outside)
(Audit & Supervisory Board Member (Outside))

Hiroki Kimura
Member of the Board, Member of the Audit ＆ Supervisory Committee (Outside)
(Audit & Supervisory Board Member (Outside))

The members of the Board voted at the meeting of the board members on 31 January, 2023, to shift the company from a company with an audit and supervisory board to a company with an audit and supervisory committee, subject to approval at the general meeting of shareholders on 30 March, 2023.

Change in Member of the Board’s responsibility
Nitin Mantri

Member of the Board and Managing Officer, Head of OHT Div, CEO of Yokohama Off-Highway Tires K.K, Chairman of Yokohama India, Chairman of Yokohama Tyre Vietnam Inc, in charge of Yokohama Europe GmbH.

(Member of the Board and Managing Officer, Head of OHT Div, CEO of Yokohama Off-Highway Tires K.K, Chairman of Yokohama India).

Retired Members of the Board
Yasuo Nakayama
Advisor, Vice Chairman of Yokohama Rubber (China), Chairman of Yokohama Industrial Products - Hangzhou, Chairman of Yokohama Industrial Products Sales - Shanghai, Vice Chairman of Shandong Yokohama Rubber Industrial Products.

(Member of the Board and Officer, Head of MB Div, Head of Hose and Couplings Div)

Toru Nakamura
Officers , President of Yokohama Tire Manufacturing (Thailand).

(Member of the Board and Officer, Head of Tire Production Div).

Nobuo Takenaka
(Member of the Board (Outside))

Retired Audit and Supervisory Board Members (including four individuals newly appointed as Member of the Board or Member of the Board and the Audit and Supervisory Committee)

Osamu Mikami
Advisor
(Audit & Supervisory Board Member)

Hisao Uchida
Member of the Board, Member of the Audit ＆ Supervisory Committee

(Audit & Supervisory Board Member)

Atsushi Kamei
Member of the Board, Member of the Audit ＆ Supervisory Committee (Outside)

(Audit & Supervisory Board Member (Outside))

Megumi Shimizu
Member of the Board (Outside)
(Audit & Supervisory Board Member (Outside))

Hiroki Kimura
Member of the Board, Member of the Audit ＆ Supervisory Committee (Outside)
(Audit & Supervisory Board Member (Outside))

Promoted Officer

Takehisa Morimoto

Managing Officer, President of Yokohama Tire Manufacturing Mississippi, LLC, Chairman of Yokohama Tire Manufacturing Virginia, LLC.

(Officer, President of Yokohama Tire Manufacturing Mississippi, LLC).

Newly appointed Officers

Anil Gupta

Officer, COO of ATC Tires, Vice Chairman of Yokohama India.

(Associate Officer, COO of ATC Tires, Vice Chairman of Yokohama India)

Tetsuya Nagao
Officer, Head of Tire Production Div.

(Associate Officer, President of Yokohama Tire Philippines, Inc)

Takeshi Masatomo
Officer, Head of Tire Overseas Sales & Marketing Div, Head of Tire Overseas Sales & Marketing Dept, Chairman of Yokohama Asia.

(Associate Officer, Acting Head of Tire Overseas Sales & Marketing Div, Head of Tire Overseas Sales & Marketing Dept).

Shoichiro Matsuda
Officer, Head of Tire Development Div, Head of Tire Designing Dept No 2

(Associate Officer, Acting Head of Tire Development Div, Head of Tire Designing Dept No 2)

Changes in Officers’ responsibility
Shinichi Takimoto

Senior Managing Officer, Chairman and CEO of Yokohama Corporation of North America, Chairman of Yokohama Tire Corporation, Chairman of Yokohama Tire (Canada) Inc, Chairman of Yokohama Tire Mexico, S de RL de CV.

(Senior Managing Officer, President and CEO of Yokohama Corporation of North America, Chairman of Yokohama Tire Corporation, CEO of Yokohama Tire (Canada) Inc, CEO of Yokohama Tire Mexico, S de RL de CV)

Jeff Barna
Senior Managing Officer, President of Yokohama Corporation of North America, President and CEO of Yokohama Tire Corporation

(Senior Managing Officer, President and CEO of Yokohama Tire Corporation)

Shingo Ishimitsu
Officer, Head of HR Dept, President of Yokohama Peer Support, President of Yokohama Rubber.

(Officer, Head of HR Dept, President of Yokohama Peer Support., President of Yokohama Rubber Health Insurance Society, President of Yokohama Rubber).

Promoted Associate Officers

Takashi Shirokawa
Managing Associate Officer, Head of Corporate Social Responsibility Div, Head of Hiratsuka Factory

(Associate Officer, Head of Hiratsuka Factory, Head of Materials Technologies Dept).

Tsuneyuki Ishizuka
Managing Associate Officer, Head of Corporate Administration Div, Head of Corporate General Affairs Dept.

(Associate Officer, Acting Head of Corporate Administration Div, Head of Corporate General Affairs Dept).

Masaki Nakamura
Managing Associate Officer, Head of IT & Management System Planning Div, President of Hamagomu Aicom Inc.

(Associate Officer, Head of IT & Management System Planning Div, Head of System Development Dept, President of Hamagomu Aicom Inc).

Newly appointed Associate Officers

Hideki Satowa
Associate Officer, Deputy in charge of MB Production and Engineering, Head of MB Production and Engineering Planning Dept.

(Assistant in charge of MB Production and Engineering Planning, Head of MB Production and Engineering Planning Dept).

Motoji Fujita
Associate Officer, Acting Head of Research & Advanced Development Div, Head of Materials Technologies Dept.

(President of Yokohama Tire Manufacturing (Thailand)

Hidekazu Onoi
Associate Officer, Head of Tire Materials Development Dept No 2

(Head of Tire Materials Development Dept No 2)

Takayoshi Omae
Associate Officer, Acting Head of Consumer Tire Product Planning Div, Head of Consumer Tire Product Planning Dept.

(Head of Consumer Tire Product Planning Dept)

Kazuhiro Masuda
Associate Officer, Acting Head of Corporate Administration Div, Head of Legal Dept

(Head of Legal Dept.)

Stan Chandgie
Associate Officer, Vice President of Yokohama Tire Corporation

(Vice President of Yokohama Tire Corporation)

Changes in Associate Officers’ responsibility

Michio Shimizu

Associate Officer, Head of Motorsports Tire Development Dept.

(Associate Officer, Deputy Head of Tire Development Div, Head of Motorsports Tire Development Dept).

Koji Watanabe
Associate Officer, Head of Tire Technical Planning & Administration Dept.

(Associate Officer, Deputy Head of Tire Development Div., Head of Tire Technical Planning & Administration Dept)

Naoki Takeda
Associate Officer, President of Aichi Tire Industry

(Associate Officer, Head of Internal Audit Dept)

Takayuki Hamaya
Associate Officer, Head of MB Div, Head of Industrial Products Div

(Associate Officer, Head of Industrial Products Div)

Shigemichi Mori
Associate Officer, Acting Head of MB Div, Head of Hose and Couplings Div, Head of MB Planning Dept.

(Associate Officer, Acting Head of MB Div, Head of MB Planning Dept)

Ming Fan
Associate Officer, Assistant to President, President of Yokohama Rubber (China) Co, Ltd., Chairman and President of Yokohama Tire Sales (Shanghai) Co, Ltd, Chairman of Hangzhou Yokohama Tire, Chairman of Suzhou Yokohama Tire.

(Associate Officer, Assistant to President, President of Yokohama Rubber (China), President of Yokohama Tire Sales (Shanghai).

A recent survey done by German tier 1 supplier Continental of fleet operators across Germany, France, the United Kingdom and the United States of America has revealed that almost 72 percent of respondents recognise the need for substantial changes to meet current industry challenges.

The poll results based on the responses of 850 fleet managers, which pointed out that rising costs (76 percent), economic uncertainties due to crises (46 percent) and the demand to reduce CO2 emissions (40 percent) were the key challenges faced by the operators.

It finds that while there were some common issues globally such as a rising costs and economic pressures, certain challenges such as a transition to electric mobility adoption differed depending on the geographies. Fleet manager shortage also was amongst the issues highlighted by the respondents.

Interestingly, fleet managers in the United States (63 percent) were found to be more open to adopt new technologies, in contrast to their European counterparts (20 percent).

Clarisa Doval, Head of Digital Solutions at Continental Tires, said, "Survey results highlight that cost pressure is the greatest challenge for fleet operators. Low margins, rising costs, and stricter emissions standards are reducing investment capacity, while wage developments and labour shortages add further strain. Our digital tyre management solutions provide our customers with a valuable asset in this transition. With ContiConnect, fleets can operate more cost-effectively and sustainably, supporting their competitiveness."

"Intense competition in logistics, which is being further intensified by climate change and ongoing global crises, makes adaptability and resilience a decisive factor for success. At Continental, we create innovative solutions to enhance fleet efficiency, reduce costs, and promote sustainability. Tyres are a key factor in total operating expenses, and our digital tools for tire condition monitoring deliver substantial long-term savings," she added.

MarketsandMarkets has said in its latest report that the tyre recycling market is expected to grow from USD 7.44 billion in 2024 to USD 8.92 billion by 2029 at a CAGR of 3.7 percent.

The report titled ‘Tire Recycling Market by Product (Rubber, TDF, TDA, Carbon Black), Process (Mechanical Shredding, Ambient Grinding, Pyrolysis), Type (Service, Material), End-use Industry (Automotive, Construction, Manufacturing) and Region – Global Forecast to 2029’ attributes the growth in this market to increasing environmental awareness and the implementation of stringent government regulations in different countries in reducing waste and pollution in the environment. Key players in the tyre recycling market, according to the report, are Liberty Tire Recycling (US), GENAN HOLDING A/S (Denmark), ResourceCo (Australia), GRP LTD (India), Lehigh Technologies, Inc. (US), Entech Inc (US), Emanuel Tire LLC (US), BDS Tire Recycling (US), Contec (Poland) and CRM (US).

According to the report, the Asia Pacific region is expected to be the fastest growing market for tyre recycling during the forecast period because of rapid industrialisation, urbanisation and economic growth in the region. Apart from this, government regulations in the Asia Pacific region are also playing a big role in shaping the tyre recycling market.

The report explains that govt incentives and regulatory benefits created by policies around sustainability and carbon reduction are significantly boosting opportunities in this sector. The report cites the Extended Producer Responsibility or EPR programme, which makes it mandatory for the producers of tyres to collect and recycle the tyres at their end-of-life. Additionally, the availability of government incentives and grants for the tyre recycling plants plays a favourable role for the sector.

The report further highlights that construction is the fast-growing end-use industry segment in the market for recycling tyres, explaining that the demand is partly driven by the growing use of recycled tyre products in infrastructure and building projects. These tyre-derived products are used in road construction and as building foundations, insulation and roofing materials. The demand for shock-absorbent, low-maintenance and durable materials in public space and recreational facilities, as well as sports fields, also plays and important role, says the report.

A new survey by OnePoll for Apollo Tyres has revealed that all-season tyres are preferred by a majority of drivers across Europe.

The findings, which took into account 1,000 respondents in each market, point to a constant increase in the popularity of tyres designed to perform throughout the year, including in dry, wet and snow conditions. Spain took the lead among the European countries with 82 percent respondents voting in favour of all-season tyres, followed by France (78 percent), the Netherlands (74 percent), Poland (72 percent) and the UK (65 percent).

For the customers of Apollo Tyres, its Vredestein brand’s Quatrac portfolio offers a lineup of tyres designed for a range of vehicles in a wide choice of sizes. The lineup includes the Quatrac, the Quatrac Pro and Pro+ for muscle cars and SUVs and the Quatrac Pro EV all-season tyre specifically designed for electric vehicles (EVs). All Quatrac tyres come with the ‘Three-Peak Mountain Snowflake’ mark and are fit for year-round use.

Yves Pouliquen, Vice President – Commercial, Europe, Apollo Tyres, said, “All-season tyres are becoming increasingly popular among motorists who want the reassurance of being able to safely tackle fast-changing weather conditions, year-round. With over three decades of expertise in all-season products, drivers can trust the Vredestein brand.”

Vaculug Limited, a leading commercial tyre retreading specialist based in Grantham, UK, has reshuffled its senior management team with the appointment of three new roles. The reshuffle is done with an aim to enhance the organisational structure and drive sustainable growth while prioritising employee development.

As part of the reorganisation, Philip West, Vaculug's Commercial Director, will now be responsible for managing all sales and RTM activities in addition to operations, marketing and customer service. West has been in the business for more than 42 years, and his leadership and depth of expertise make him a great fit for this position.

In his new role as Sales Director, Craig Rudkin will oversee the team responsible for sales and national accounts. Rudkin began working for Vaculug in a position located in a factory and has been with the firm for more than 33 years. Jason Humphries is now the Director of IT and Logistics. Humphries has over 20 years of experience in operations, logistics and IT and has played a key role in putting strategic plans into action since joining Vaculug in 2001.