Vredestein restructures management

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Wednesday, July 25, 2007

ENSCHEDE, the Netherlands – With the appointment of two new board members and a refinancing, Amtel-Vredestein hopes to end the crisis. Last March Rob Oudshoorn, one of the two Dutch board members stepped back. He did not want to be responsible any longer for decisions taken by his two Russian colleagues.

Soon after the take over of Vredestein by the Russian tyre manufacturer Amtel problems arose in the management team. “The initial idea was to give Vredestein the leading part with its experience in production, sales, marketing and R&D”, says Rob Oudshoorn.

“Unfortunately things went different than expected and the two Russian board members took decisions about acquisitions which could not be supported by the Dutch members of the board.” Oudshoorn is very positive regarding the two new appointed Russians. “They have an industrial backgroup and our first meeting has been very positive.”


New Manager Two Wheel Tyre Division

As of July 1st, Marcel Veeneman is the new manager of the Two Wheeler Tyre division of Vredestein. Veeneman (39) has been country manager for the Netherlands since September 2005. He will combine the two functions. Before he started at Vredestein he worked for Heineken en McCain Foods.

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