Titan International (TWI) Reduces Board After Director Kim Marvin Leaves During Carlstar Integration

Titan International Navigates Board Change

Boardroom Shift to Support Carlstar Integration

Titan International is adjusting its board after director Kim Marvin steps down following roughly 24 months of service, the company says. Marvin cites time constraints and other professional commitments for his departure. Titan’s president and chief executive, Paul Reitz, thanks Marvin for providing operational continuity after Titan’s acquisition of Carlstar, and notes Marvin’s engineering insight and financial and transactional experience as valuable during integration.

The company says it has no current intention to fill the vacant seat, reducing board headcount by one as it evaluates board composition and governance in the wake of the Carlstar deal. Titan presents the change as deliberate and temporary while it assesses what skills and perspectives are needed to guide the combined business. The boardroom shift is framed primarily as a governance and integration matter rather than a reaction to near‑term operational issues.

Operationally, Titan underscores that Marvin’s contributions aided the integration of Carlstar’s product lines and manufacturing capabilities into Titan’s footprint, helping align engineering and financial planning across off‑highway wheels, tires, assemblies and undercarriage products. Management indicates that day‑to‑day integration work continues under existing leadership and that the board will monitor progress as it determines any future appointments or changes to oversight structures.

Product Reach and Customer Focus

Titan reiterates its role as a global manufacturer serving original equipment manufacturers and aftermarket customers across agriculture, earthmoving/construction and consumer markets. Headquartered in West Chicago, Illinois, the company produces a broad range of products to meet OEM specifications and emphasizes continuity of supply and technical support during the integration period.

Corporate Disclosure and Next Steps

The announcement is issued in a company‑sourced press release that directs stakeholders to Titan’s website for further corporate and investor information and identifies the firm as trading on the New York Stock Exchange under the symbol TWI. Titan frames the board change as part of its ongoing governance review and integration strategy following the Carlstar acquisition.