Kozak resigns from SmarTire board; retains executive duties
SmarTire Systems Inc. CEO and President Al Kozak has voluntarily resigned as a company director to increase the independence of the board.
The resignation has no impact on the duties of Kozak as CEO and president, according to the company.
"Our objective is to move toward the creation of a totally non-executive, independent board in keeping with the spirit of (the)Sarbanes-Oxley (Act)," says Robert Rudman, non-executive chairman of SmarTire's board. "We are now at a stage to expand the depth and experience of the board of directors."