Promoting Plan

The Michelin Firm today is definitely the world's number 1 tire company with nineteen. 4%* business. Michelin is at the cutting edge of all tire markets and travel-related providers thanks to the top quality of product it offers. Michelin is an undisputed innovator in the most demanding technical segments and designs forward-looking strategies to help the street transportation sector in its bet to improve competitive edge also to meet modern societies' more and more pressing demands for security, fuel productivity and respect for the environment. To further strengthen its position and gratification, Michelin pursues a global, targeted growth strategy focusing on high value-added portions and on growth in the higher-growth markets when improving their productivity across the board. History

1889 Edouard and AndrГ© Michelin founded Michelin, today the largest tire company in the world, as a small rubber factory in Clermont-Ferrand, Portugal.

1895 Initial car tire is designed.

1898 Birth of Bibendum (The Michelin Man)

1937 The first pickup truck tire using a steel casing is designed. 1946 Builds up their initially passenger car radial tire.

1952 Develops their initial truck gigantic tire.

81 Develops their very own first plane radial tire.

1987 Grows their first motorcycle radial tire.

year 1994 Develops initial generation of fuel-efficient, low-resistance tires.

Michelin's mission assertion is " To make a lasting contribution to progress in the freedom of goods and people by constantly enhancing liberty of movement, safety, efficiency and pleasure when ever on the move. " Edouard Michelin is mind of manufacturing at the Puy-en-Velay (France) plant which is Michelin North America's CEO and Chief Operating Officer. He was appointed Joint Handling Partner 20 years ago and features headed the Michelin Group since 99. RenГ© Zingraff is the Top quality manager intended for the UK crops. She is brain of career management for Group professionals. She also minds the Michelin USA's industrial facilities and was appointed Joint Managing Spouse in 1986. Michel Rollier brain Michelin's Legal and Monetary Affairs Departments and is the Group CFO. He was equiped Joint Controlling Partner in 2005. The Managing Companions run the corporation and report to the Supervisory Board and the Annual Investors Meeting. They will prepare the Company accounts and recommend the appropriation of profit/loss pertaining to the economical year. The fact that the Taking care of Partners are jointly, severally, and privately liable is a good guarantee investors can have that Michelin will be maintained in their best interests now and the future. The Supervisory Plank monitors supervision decisions for the Shareholders. The Organization Board ensures that the financial statements provide a true and fair view of the state of affairs of the Firm, reviews the conduct of Company organization, and suggests the Managing Partners issues recommendations to the Annual Shareholders Meeting, especially concerning prise of profit/loss. To perform its monitoring function, the Organization Board provides the same powers as the Statutory Auditors and usage of the same data and papers. It reviews on it is work to the Annual Shareholders Meeting. The Supervisory Table is also in charge of approving any agreements created by Michelin with choices in which a Controlling Partner, a Supervisory Plank member or maybe a Shareholder using more than five per cent of Michelin's voting stock, has a immediate or indirect interest. The Supervisory Panel also acts as the Remunerations Committee when ever in plenary session. It includes appointed a great Audit Committee, comprising of four members, three of to whom are impartial. The Organization Board fulfilled four occasions in the course of 2002. The Relief Board has the responsibility of appointing an Audit Committee to prepare its account opinions and examine sessions. The organization,...

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