Tire Factory Names Lybeck CFO

PORTLAND, Ore., Sept. 8 /PRNewswire/ -- Lybeck will assume the CFO position effective September 9th, and brings over 15 years of executive financial leadership to the Portland, Oregon based member-owned company comprised of over 200 leading independent tire retailers.

(Photo: http://photos.prnewswire.com/prnh/20100908/SF61842)

(Photo: http://www.newscom.com/cgi-bin/prnh/20100908/SF61842)

John Kreidel, CEO of Tire Factory said, "We are very pleased to have Walter join the Tire Factory Team. Walter brings a solid skill set to us that will guide our significant growth plans."

Lybeck most recently held the top financial position at Rejuvenation Inc. He also held financial executive positions with Nautilus, Oregon Steel, Intel and Deloitte & Touche LLP. "I'm excited to be a part of the Tire Factory team and am honored to work for a strong, growing organization that supports independently owned businesses," said Lybeck.

About Tire Factory

Tire Factory is based in Portland Oregon and is the Nation's largest, fastest growing member owned organization of Independent Tire Dealers. Tire Factory provides its members enhanced marketing, training and purchasing programs. The members operate more than 200 retail locations serving 13 western states with end-consumer sales in excess of $300 million. Tire Factory serves its members from two regional distribution centers, in Portland Oregon and Salt Lake City Utah.

SOURCE Tire Factory

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