Kenneth Johnsen has been appointed president of Amerityre Corp. He had been a board member of the company since October 2005, but resigned that position after accepting the presidency.
Johnsen, 47, also serves as a member of the board of directors of Joy Global Inc., a global company that manufactures, services and distributes equipment for surface and underground mining. From April 2001 to June 2005, Johnsen was a director, CEO and president of Geneva Steel, based in Vineyard, Utah.
"When Ken joined the board last year, we asked him to take the lead and provide direction for our off-the-road tire retreading technology," says company founder Richard Steinke, who had been serving as chairman, CEO and president.
"Ken has added a critical dimension to the execution of our business strategy in that area and as responsibilities have increased over the past few months, we've required significantly more of his time. Our board has been very impressed with Ken's focus and dedication, and we believe that that his prior business experience as a CEO will greatly strengthen our management team."
"I believe my experience will be beneficial to the company and its shareholders, especially over the next several months as we start to execute several commercial aspects of the business initiatives Richard and the Amerityre management team have started," says Johnsen.
Amerityre's nominating committee will begin a search for potential candidates to fill the board vacancy caused by Johnsen's resignation.
For more information on Amerityre, visit its Web site at www.amerityre.com.
