TBC Corporation announced that Erik R. Olsen will be stepping down after seven and a half years as President and CEO of the company, effective June 30, 2021.
“It has been both my honor and privilege to be a TBC team member for the last 17 years,” recognized Erik R. Olsen. “Laurent & Sam, in partnership with all 9,000+ TBC associates, are the right team to lead the organization for years to come; they are committed to upholding our Core Values upon which we have built such a strong foundation.”
Over the next few months, Erik and TBC’s executive leadership team will work alongside incoming President & CEO Laurent Bourrut and Sam Kato, incoming Chief Administrative Officer, to ensure a seamless transition.
Laurent Bourrut, a Senior Executive with 36 years of diverse experience in Business Management, Operations, Sales, Marketing and Supply Chain, will lead TBC as President & CEO. Laurent joined Michelin in 2007 as Chief Procurement Officer and took over the worldwide OE business in 2011.
“TBC is poised for dramatic growth and much of that is a credit to the management team’s leadership, entrepreneurial spirit and strategic vision,” recognized Laurent Bourrut. “Sam and I are very much looking forward to having the opportunity to build upon the solid foundation that has led TBC to much success throughout the company’s 65 year history during a pivotal time in the organization’s history.”