Toyo Tire U.S.A. Corp. has announced that President and CEO Roy Bromfield will retire in 2021 upon selection of, and successful transition to, a successor.
Bromfield was named Toyo's first American president and CEO in October 2017 and has been credited with "building a strong culture, developing the company's channel and customer strategies, revamping Toyo Tires' product offerings, enabling the thrill of the Toyo Tires Brand and leading significant market growth and profitability," according to Toyo officials.
Prior to his appointment as president and CEO, Bromfield held other positions at Toyo, as well as executive-level positions at Michelin North America Inc. and Q Tires. He joined the tire industry in 1984.
Commenting on his retirement and departure from Toyo Tires, Bromfield says, “The tire industry has provided me with a rewarding career and enabled me to provide for my family in keeping with the American Dream. I am so thankful for the people along the way who have helped me attain success in serving my companies and our employees and customers.
"Toyo Tires has been a great adventure for the past eight years and what a pleasure it has been to get to know beautiful Japan and its unique culture, delightful people and wonderful food. I am honored to be able to head into retirement on a timetable that I have chosen. I will work closely with executive management to find a successor and to set him or her up for a positive transition. Whoever that is will inherit an elite team, excellent products, a great brand and a successful business model.”
Toyo has retained CarterBaldwin Executive Search to identify and present candidates.
Bromfield will lead the search for his replacement, "ensuring the right fit and a seamless changeover," say Toyo officials. "The timeline for Bromfield’s departure in 2021 will be determined once a successor is identified.
