Walter Lybeck, promoted to CEO of Tire Factory, Inc.

"Our search committee, made up of five board members completed a lengthy nationwide search to find a CEO with the skills to operate the company, grow its membership and continue our history of profitable growth," Gill said. "After interviewing several qualified candidates, the search committee was unanimous in selecting Walter as the candidate with the right blend of experience, operational, financial skills and cultural fit required to do the job successfully. Walter has earned a great reputation among members as interim CEO, and his selection will be very popular."

"Since joining the company," Lybeck said, "I've been excited about Tire Factory's business model, the quality of its members, employees, and financial performance; but most of all with our alliance with Point S International, I am excited to grow this co-op profitably and help the independent tire stores’ continued success."

Lybeck, joined the company in 2010, serving as its CFO, and more recently its Interim CEO. Prior to joining Tire Factory, he was Director of Finance and Accounting at Rejuvenation. He also worked in financial positions for Nautilus, Oregon Steel Mills, Intel and Deloitte. He earned his BA in accounting at Linfield College. Lybeck and his wife, Kay, have two children.

Tire Factory is located in Portland, Oregon, It is a member owned co-op begun in 1983 as Tire Factory. In 2015, it joined with Point S, a group of 3700 independent tire stores worldwide, and is in the process of converting its Tire Factory stores to Point S Tire and Auto Service.

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SOURCE Tire Factory

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