Retail

Del-Nat clears senior managers out of Memphis

Posted on June 13, 2014
Brian Grant is interim CEO of Del-Nat Corp.

Brian Grant is interim CEO of Del-Nat Corp.

Del-Nat Corp. has reorganized its senior management team effective immediately.

Gone are President Jim Mayfield and Vice President of Marketing Lyle Symonds. Brian Grant, a certified turnaround professional at Conway MacKenzie Inc., has been named interim CEO.

In a letter to customers, Del-Nat said the board "decided that a change of direction is needed."

Grant comes from Conway MacKenzie, a consulting and financial advisory firm "to the middle market," according to www.conwaymackenzie.com. He has served clients "in the context" of Chapter 11 and Chapter 7 bankruptcies, out-of-court restructurings, loan workout situations, and various types of transactions, including acquisitions, divestitures and liquidations.

Over the last several years, Grant primarily has been focused on real estate workouts and has helped direct the build-up of resources and work experience for Conway MacKenzie in this area, according to the company.

Before joining Conway MacKenzie, Grant was with the Recovery & Reorganization Group of Grant Thornton LLP, specializing in crisis management and corporate restructuring for the automotive industry in the United States and Europe. He represented a number of automotive companies at Grant Thornton, primarily Ford Motor Co.

At its annual meeting in January, Del-Nat celebrated its 25th year in business. The private brand tire cooperative, known for its brand exclusivity, is based in Memphis, Tenn.

Related Topics: Brian Grant, Cooperative, Jim Mayfield, Lyle Symonds, private brand tires

Comments ( 0 )
More Stories
Scott Clark says consumers are replacing tires before they're fully worn, which costs them money, and brings environmental consequences as well.
News Michelin Seeks Industry Standards for Testing of Worn Tires

Michelin North America Inc. is using its stage at the North American International Auto Show in Detroit to talk about worn tires, and the company wants tire dealers and the entire tire industry to follow its lead.

Matt Leeper from Falken Tire, left, presented a grand prize motorcycle to Ron Barlow from FTC Enterprises during the final dinner of the K&M Tire 2018 Dealer Conference.
News K&M Tire Dealers Learn Sales, Customer Service and Efficiency Tips

K&M Tire Inc. founder Ken Langhals likes to remind his 600-plus employees that a customer’s tire order one day doesn’t guarantee another order the next. And that means K&M’s annual dealer conference is an opportunity to provide dealers with help and extra services that set K&M apart from other wholesalers.

Article An Insight into Tires and Their Problems in Europe

The National Tyre Distributors Association (NTDA) recently held its annual conference, which, although traditionally staged in the UK, represents the ongoing current issues in the tire industry throughout Europe (at least until the Brexit negotiations are completed) and attracts an extensive and diverse range of delegates.

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!