Dr. Mark Rachesk, founder and president of MHR Fund Management LLC, will join Titan International Inc.'s board of directors effective June 1, 2014. His addition increases the board's size to eight members.
"All of Titan's directors had the opportunity to meet Dr. Rachesky and agreed he would make an excellent board member and bring a new voice to Titan's shareholders," says Chairman and CEO Maurice Taylor.
MHR Fund Management is a New York-based investment firm that takes a private equity approach to investing. The company manages approximately $6 billion of capital and has holdings in public and private companies in a variety of industries.
In addition to serving on the boards of various public and private companies, Rachesky is chairman of Loral Space & Communications Inc., Telesat Canada and Lions Gate Entertainment Corp.
Rachesky holds an MBA from the Stanford University School of Business, an MD from the Stanford University School of Medicine and a BA in Molecular Aspects of Cancer from the University of Pennsylvania.
For more information on Titan and its commercial products, visit www.titan-intl.com.
Bob Ulrich was named Modern Tire Dealer editor in August 2000. He joined the magazine in 1985 as assistant editor, and has been responsible for gathering statistical information for MTD's "Facts Issue" since 1993.