The Tire Industry Project (TIP), a global tyre forum focussing on sustainability, has launched its first Open Call for Projects (OCP) initiative. TIP is a voluntary CEO-led initiative that consisting of 10 leading tyre companies, which represent more than 60 percent of the world’s tyre manufacturing capacity. 

The idea is to promote new research fields and agendas to drive sustainability practices and environmental stewardship within the tyre industry at a global scale.

Larisa Kryachkova, Executive Director, TIP, said, “The Open Call for Projects attests to TIP’s commitment to supporting high quality scientific research and evidence-based progress focused on the mitigation of tyre wear emissions and their diverse impact. We are reaching out to further broaden TIP’s relationships with researchers and experts in this field.”

To support the OCP, TIP states it intends to provide financial assistance to research projects focusing on –

• The assessment and measurement of tyre wear emissions, i.e., material produced during the use phase of a tyre. 
• The development of mitigation measures, advancing the evaluated technologies towards demonstration in the relevant environment. 

The eligible projects will need to bring novel research concepts, which can preferably be published in peer-reviewed scientific journals. Furthermore, these concepts are expected to be integrated in activities such as field sampling, chemical and particle characterisation of emissions, data analysis and modelling of tyre wear emissions distribution in the environment and development of TRWP and leachate mitigation measures and/or advancing the evaluated mitigation technologies.

The entries will be evaluated by a committee consisting of TIP members and external experts.

Representational image courtesy: Oxford Indices

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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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