The International Rubber Conference Organisation (IRCO), the association of rubber societies from around the world and the organiser behind International Rubber Conference (IRC), sees India’s rubber industry booming over the last few decades. Tyre Trends recently caught up with Michael Clayton, Executive Chairman, IRCO, and Dr Matthew Thornton, Secretary General, IRCO, at the sidelines of Rubber Con 2024. Edited excerpts.

What is the underlying change you are seeing in the rubber conference globally?

Dr Thornton: I think the global rubber industry as a whole is facing similar challenges and bits. Rubber Con being a global conference, the themes have certainly changed over sort of the last 15 years and definitely we are seeing as we should, a trend and focus on sustainability, sustainable materials and sustainable practices.

What about India’s present and future role in the global rubber industry?

Clayton: I think it’s clear to see from the number of delegates at the three-day Rubber Con 2024 being nearly 1,000 that the Indian rubber sector is booming over the last 15 years. This is the third or fourth time we are in India for the IRCO event and plans are there for the future as well. Every time we come here, you can see the depth of the research that’s being done in India and the impact that that’s having globally on the international rubber sector.

Dr Thornton: I think with the population in India, the growth of the automobile sector, it’s (Indian rubber industry) got to be part of the global industry. As we move forward, it’s going to be a huge market for the rubber industry and a huge producer of rubber that goes into the automotive sector globally as well.

Given the disruption in natural rubber production and companies looking at alternative materials, will natural rubber lose its dominance?

Dr Thornton: I think natural rubber is going to play an important role, maybe more of an important role going forward. The move towards sustainability is something that we have seen over certainty in the last five years. Almost every conference now has a focus on sustainability, and being able to use natural rubber, as opposed to synthetic oil derived rubbers from fossil fuel sources, is going to play a key role. And certainly, using alternative feed stocks for natural rubber as well, like dandelion and guayule, is going to be important as well.

What is your take on repurpose, reuse or recycling of tyres?

Dr Thornton: In the UK and Europe, there’s a huge focus on recycling tyres, which I think will extend globally as well. Going forward, companies like Birla Carbon, who are part of Aditya Birla Group in India, are building plants in the Netherlands and investing EUR 100 million in a new facility in the Netherlands to recycle tyres into recovered carbon black and pyrolysis oils. I see that happening across Europe, in the UK, and I am sure going forward that will happen globally. We can’t just continue to leave old tyres in the environment; there have to be some kind of recovery mechanism. For producers and manufacturers, that is something that has to be high on their agenda and ensure that we don’t damage the environment or have an impact on the ecosystem for future generations.

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Timo Koponen has started in his new role as Nokian Tyres’ Chief Financial Officer and a member of the Management team, reporting to President and CEO Paolo Pompei. His appointment was announced on 14 January 2026.

Koponen holds a Master’s degree in Economics and Business Administration. He joined the company from Normet, a global mining and tunnelling technology firm, where he served as CFO and Leadership Team member. Prior to that, he held senior finance and business leadership roles at Lamor Corporation, Wärtsilä, Hackman, and Konecranes. He succeeds interim CFO Jari Huuhtanen, who continues at Nokian Tyres as Vice President of Group Business Control.

Paolo Pompei, President and CEO, Nokian Tyres, said, "I would like to welcome Timo Koponen to Nokian Tyres. His extensive experience will be an important asset in the next stages of our development. I would also like to thank Jari Huuhtanen for his excellent work. It is great to continue the cooperation with him.”

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TBC Corporation, one of North America’s largest marketers of automotive replacement tyres through wholesale and franchise operations, has announced the appointment of Bill Schafer as Chief Revenue Officer for TBC Wholesale. This leadership change follows the planned retirement of Rodger Smith, who will remain with the organisation until December 2026 to support a seamless handover.

Since joining TBC in March 2024, Schafer has concentrated on expanding the company’s wholesale operations. He brings three decades of experience from Michelin, where he directed business to business sales, distribution and logistics across North America while managing a team of over 600 people. His background positions him well to drive revenue growth in his new role.

Smith, a 45-year veteran sales executive with diverse industry expertise, has been instrumental at TBC since his arrival in 2020. He led strategic efforts such as strengthening the national sales organisation and launching Supply Chain as a Service. His continued presence through late 2026 ensures that his knowledge and initiatives will carry forward under Schafer’s leadership.

Don Byrd, President and Chief Executive Officer, TBC Corporation, said, “Bill and Rodger previously partnered to lead TBC’s wholesale strategy and reinforce TBC’s mission of being the distributor of choice in the markets we serve. Our focus is clear: TBC will continue to drive value-creating solutions for our customers in the mobility and automotive industry through exceptional service, a diverse product portfolio and innovative solutions.”

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Dow Inc. said its chief executive Jim Fitterling will become executive chair of the board from 1 July , 2026, with chief operating officer Karen S Carter appointed as chief executive.

Carter will also join the board on the same date, while Richard Davis will continue as independent lead director.

The company said the changes follow a multi-year succession planning process and are intended to ensure continuity as it advances its strategy as a materials science group.

“On behalf of the Board, I want to thank Jim for his exceptional leadership and continued contributions to Dow,” Davis said. “Jim has led the company through a period of significant transformation while strengthening Dow's strategy, culture and long-term positioning. We are equally pleased to congratulate Karen on her appointment as CEO. She is a disciplined, highly respected leader with a deep understanding of Dow's businesses and customers. This appointment reflects our confidence in her ability to lead Dow forward into its next chapter of growth and value creation for customers, employees and shareholders.”

Fitterling, who has been chief executive since 2018 and chair since 2020, oversaw the company’s separation from DowDuPont and led its repositioning towards higher-growth, consumer-led markets. He also guided the group through broader macroeconomic and geopolitical challenges, while advancing its sustainability ambitions and corporate culture.

“Serving as CEO of Dow has been the privilege of a lifetime,” Fitterling said. “Together with our employees and leadership team, we have transformed Dow into a stronger, more focused company with the right strategy, capabilities and culture for the future. I look forward to continuing to support Dow as Executive Chair and working closely with Karen to help ensure continuity and strong execution.”

As executive chair, Fitterling will continue to lead the board, focusing on long-term strategy, governance and external relationships.

Carter, who has spent more than three decades at Dow, currently oversees business and operational performance across the company as chief operating officer. She previously led the packaging and specialty plastics division, the group’s largest operating segment, where she focused on capacity expansion, asset upgrades and operational reliability, alongside efforts linked to circular economy initiatives.

“I am deeply honored to assume the role of CEO and lead Dow into our next chapter,” Carter said. “Dow has extraordinary people, world-class assets and leading positions in the markets we serve. Our focus remains unwavering: delivering reliable and innovative solutions for our customers, and long-term value for our employees and our shareholders, while accelerating our transformation to set a new competitive standard for best-in-class performance. I look forward to continuing my partnership with Jim in his new role as Executive Chair, and to working with the Board and all of Team Dow to advance our strategy and deliver on our priorities.”

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Nokian Tyres plc is expanding its partnership with Tata Consultancy Services (TCS) to strengthen IT operations and support ongoing transformation.

The companies will focus their expanded partnership on maintaining and developing IT applications to meet Nokian Tyres’ future needs and to increase the efficiency of its IT operations.

TCS has already handled Nokian Tyres’ service desk support, end-user services like device deliveries, and network and data centre operations. Starting June 1, 2026, TCS will also take over maintenance and development of IT applications, as well as on-site support for internal processes.

This change is part of a larger restructuring of Nokian Tyres’ IT organisation to keep up with changing business needs.

“A more extensive partnership with TCS will enable Nokian Tyres to have a globally unified, agile, and efficient operating model that supports business needs. In addition, it creates a sustainable foundation for the increasing adoption of next-generation technologies such as automation, data-driven solutions and artificial intelligence,” said Timmy McLellan, vice-president, IT and processes, and chief information officer at Nokian Tyres.

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