Walter Lybeck, the chief financial officer of Tire Factory Inc. who has served as the cooperative's interim CEO since August 2015, has been named the permanent CEO.
The announcement April 4, 2016, by Board Chairman Eric Gill fills the vacancy at the top. The former CEO, John Kreidel, left the job last summer after five years with the company.
“Since joining the company”, Lybeck said, “I’ve been excited about Northwest Tire Factory’s business model, the quality of its members, employees, and financial performance; but most of all its potential for profitable growth. I’m looking forward to helping the company achieve its full potential.”
Lybeck joined the company in 2010 as its CFO. 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 Delloitte. He earned his bachelor's degree in accounting at Linfield College.
He is married to Kay, and is the father of two children.
Tire Factory is located in Portland, Ore., It is a member-owned cooperative begun in 1983. In 2015, it joined with Point S, a group of 3,700 independent tire stores worldwide, and is in the process of converting its Tire Factory stores to Point S Tire and Auto Service.
For more information about Tire Factory, visit www.PointSTireandService.com.