Goodyear's new director

Goodyear's new director

JAKARTA (JP): PT Goodyear Indonesia shareholders approved
yesterday the appointment of Gary Lee Gustafson as a finance
director, replacing B. Anantharaman.

The publicly listed tire company's public relations manager,
Agung Laksamana, said the Nebraska (U.S.) native Gustafson was
formerly the company's financial advisor.

The company booked a Rp 10.73 billion (US$4.39 million) net
profit last year, up 87 percent from Rp 5.72 billion in 1995,
Agung said after the annual shareholder's meeting.

Its net sales rose 7.7 percent to Rp 256.2 billion from Rp
237.8 billion in 1995. Agung said the company's exports rose
25.6 percent to Rp 44.4 billion last year, as a result of its
exports to Japan for the first time.

Goodyear Indonesia, a US Goodyear Tire and Rubber Co
subsidiary, now exports to over 50 countries. Agung said it
could make about 9,000 tires a day. (das)