Say Akron, Ohio, and the first thought that still comes to mind for a lot of people is “tires.” But the latest news in the tire making world comes from South Carolina.
Michelin, the French tire maker, will launch construction next week in Anderson County, S.C., on its first new North American tire plant in 15 years, according to the Wall Street Journal.
The plant will make those heavy duty tires used on mining and road building equipment.
Michelin also is expanding a nearby plant in Lexington, S.C., which produces tires for earthmoving equipment.
That’s not all. Two other tire makers — Bridgestone and Continental — also have announced new ventures in South Carolina. All the projects could end up helping Midwest companies. How? Continue reading
Glenn F. Tilton, United Airlines’ former chief executive, is staying put in Chicago. He’ll become chairman of the Midwest operations of J.P. Morgan Chase, the investment bank announced on Monday.
Glenn Tilton, left, with Larry Kellner.
It’s the job that was vacated by William Daley when he went to the White House to be President Obama’s chief of staff, and now it is getting another high profile occupant.
J.P. Morgan says Tilton will help recruit job candidates, oversee its regional charitable giving, coordinate government and public affairs initiatives, and maintain the bank’s relationships with elected officials.
In a news release, Jamie Dimon, the CEO of J.P. Morgan Chase said,
“The Midwest is an important and growing region for our company, and Glenn Tilton is an exceptionally accomplished executive who is uniquely suited to oversee our efforts there.”
Tilton stepped down as United’s CEO when United merged with Continental Airlines last fall, handing the reigns to Continental’s Larry Kellner. But Tilton serves as non-executive chairman of United Continental Holdings.
He guided United through a lengthy stint in bankruptcy during the middle of the last decade. Tilton, a former oil executive, also has been an active participant in the Chicago business and charitable scene.