GPX hires new chief financial officer

July 22, 2006

GPX International Tire Corp. has hired Jeffrey Lucas as its new chief financial officer. In this position, he will lead GPX's finance function, including investor relations, financial control, accounting, treasury, tax, risk management, mergers and acquisitions and internal audit.

Lucas, a certified public accountant and chartered financial analyst, brings a wealth of experience in corporate financial management to GPX.

He has served as CFO for technology and manufacturing companies with operations in North America, Europe and Asia. He also has been an auditor with PricewaterhouseCoopers' manufacturing and technology practice in Boston, Mass., and has worked on Wall Street and in investment management.

"We believe that Jeff's extensive financial management experience will help to advance our own efforts to improve our corporate governance practices," says Bryan Ganz, co-CEO and president. "His reputation is outstanding and his experience with both public and private manufacturing companies will be beneficial as GPX continues to grow in numbers and geographically."

GPX was formed in 2005 when Galaxy Tire & Wheel and Dynamic Tire Corp. merged.