Derek Carruthers has been named as the new chief executive officer at Black Donuts Engineering as of January 2018. Former CEO Kai Hauvala will continue to work for the company.
“This is an excellent time for Derek Carruthers to assume the position of CEO. His vast experience in the tire industry and excellent understanding of the industry’s current trends and future are just what the company needs. Together we will work as a team, to continue Black Donuts Engineering success story and speed up growth,” said Hauvala.
Carruthers has held various executive positions during his careers for tire giants including Cooper Tires, Pirelli, and Bridgestone.
“The global tire industry is expected to grow from US$230bn to US$280bn by 2022. We are eager to help and support our current and future clients to benefit from this growth. Black Donuts Engineering is a fantastic company that exports high Finnish technology. In five years, BDE will be a truly global company, with roots firmly in Finland,” Carruthers commented.
Black Donuts Engineering is experiencing fast growth in all business areas and expects a turnover for 2017 of US$15.9m (€13.5m). Forecasted revenue for 2018 is around US$18.9m (€16m).
December 20, 2017
