SmarTire Systems Inc. has announced that President and CEO Al Kozak has voluntarily resigned as a director to increase the independence of the board. The resignation has no impact on the duties of Kozak as President and CEO.
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Robert Rudman, non-executive chairman of SmarTire’s board, said, “Our objective is to move toward the creation of a totally non-executive, independent board in keeping with the spirit of Sarbanes-Oxley. We are now at a stage to expand the depth and experience of the board of directors.”
