Tire Discounters' Founder, Chip Wood, Returns as CEO
The founder of Tire Discounters Inc., William “Chip” H. Wood, is returning to the helm of one of the nation's top-10 tire dealers as CEO, replacing Paul Brunner, effective immediately.
Brunner is wrapping up several special projects during a leadership transition phase. “We are extremely grateful to Paul for his dedication and service,” says Wood.
Over the past five years, Tire Discounters has experienced exponential growth, including the addition of four major markets, which doubled Tire Discounters’ retail store footprint. The company also recently celebrated the milestone of opening its 100th store, expanded its headquarters to downtown Cincinnati and added a new distribution facility in Tennessee.
Tire Discounters is No. 9 on the Modern Tire Dealer 100.
“It’s hard to believe how far we’ve come in 40 years,” says Wood, who started the company in 1976 with a one bay cinderblock building and a pickup truck loaded with tires. “The momentum and growth we’ve experienced have been nothing short of thrilling,” he says.
It’s this excitement that has called Wood back to the day-to-day management and leadership of the company. “We are positioned positively for future growth and expansion,” he says. “I am more energized than ever before. I can’t wait to see what this phase will bring.”
Tire Discounters also has promoted Jamie Ward, from executive vice president of sales and operations, to president and chief operating officer.
Ward, who has worked closely and been mentored by Wood for the past 20 years, has served in many different roles within Tire Discounters, from working in the stores to executive vice president. “To see Jamie become president is a very proud moment for me,” Wood says.
“I am humbled and honored to assume the position of president and COO,” Ward says. “It’s a privilege to be a part of such an outstanding organization.”
Wood says he's also delighted about the opportunity to work side-by-side with his son, Steven Wood, director of real estate, and his brother Chris Wood, vice president.
“When I started in the business, I worked closely with my father. Now I have the opportunity to further mentor and guide my son.” he says.
For more information, visit www.tirediscounters.com.