ITDG renews CEO Cox's contract
The Independent Tire Dealers Group LLC (ITDG) has renewed the contract of Michael Cox, its CEO and president, through the end of 2015. Cox has been with the group since April 2003.
The unanimous decision was announced this past weekend during ITDG's annual meeting, which was held in Tucson, Ariz.
"Mr. Cox has played a key role in the ITDG and the formation and operation of our two sister companies, the Independent Innovative Captive Insurance Co. and ITDG Financial LLC," says Richard Howard, ITDG chairman.
"The board of directors believes that providing for the continued services of Mr. Cox is in the best interests of the company and its shareholders."
Under Cox's leadership, ITDG "has realized phenomenal growth," says Howard. "We've expanded from four western states to 24, taking our footprint coast to coast. Our membership has grown substantially along with the shareholder base. And our sales have increased in excess of 80%."
ITDG has more than 120 members, representing 300 tire and service center locations.