Les Schwab names new CEO, will move corporate office
Les Schwab Tire Centers has named Dick Borgman its new CEO. Phil Wick remains the company's chairman. Les Schwab also has announced it will be moving its corporate offices from Prineville, Ore., to Bend, Ore.
Borgman, 51, previously held the position of president, Les Schwab Holding Co. Division. He has worked closely with Wick and company founder Les Schwab over the last 16 years.
"Both the board of directors and the Schwab family have complete confidence that he is the right person to lead the company over the next phase of continued growth and expansion," says Wick.
"With Les' retirement and my reduced work schedule, Dick's appointment reaffirms our commitment to Les Schwab's customers and employees."
The dealership's new corporate office is expected to be finished by the fall of 2008. It will span 120,000 square feet.
Approximately 350 employees will work out of the Bend office, while 800 employees will remain in Prineville at Les Schwab Tire Centers' distribution center/retread facility.
"We wanted to remain in Oregon but also looked at areas beyond the state," says Wick. "The Bend location provides the land and infrastructure needed to support our business and reinforces our commitment to the central Oregon region that has supported us."
Les Schwab Tire Centers is the third largest independent tire dealership in the U.S. with more than 320 locations, according to Modern Tire Dealer research.