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By Nikki Cabus

Dan Chait Promoted to President & COO of JM Family

Read Time 3 Minutes

To best prepare for the future and continue positioning its core automotive companies to lead change and embrace the opportunities of the industry’s shifting landscape, JM Family Enterprises, a privately held company with more than $20 billion in revenue, announced Dan Chait, currently chief operating officer (COO), has also been named president.

JM Family Enterprises, Inc. was founded by automotive legend, Jim Moran in 1968. It is a privately held company with more than $20 billion in revenue and more than 5,000 associates. Rooted in automotive and united in its strong culture and core values, JM Family is in the business of helping other businesses succeed. As a long-term partner, it is invested in its companies, associates and its communities. Driven by exceptional performance, current subsidiaries are in the automotive, financial services, franchising and specialty distribution industries. Its family of companies includes: Southeast Toyota DistributorsJM&A GroupWorld Omni Financial Corp. (dba Southeast Toyota Finance), JM LexusHome Franchise Concepts®Futura Title & Escrow and Rollease Acmeda.

As president and COO, Dan will be responsible for all company operations within JM Family, working closely with the senior leadership team to execute on company strategies and drive key initiatives. He is succeeding Brent Burns as president, while Burns remains chief executive officer (CEO).

“Dan’s promotion to president is well-earned, spotlighting his leadership, wealth of knowledge, and experience gained over 30 years in the automotive and financial services industries,” Burns said. “Most importantly, Dan is deeply committed to the well-being of the 5,000 associates across our companies. He has a proven track record of enhancing results through trust, driving greater associate engagement and development, inspiring action among his teams and fostering inclusivity across the organization.”

As CEO, Burns will continue focusing on the long-term success of the company and working closely with JM Family’s board of directors. Together, Burns and Chait remain committed to preserving and enhancing the company’s rich culture and its unwavering dedication to its customers and associates.

Chait, who was named COO in May 2023 and previously held the role of president of subsidiary companies JM&A Group and Southeast Toyota Finance, has collaborated closely with JM Family’s leadership to navigate the dynamic automotive industry and align strategic priorities. With deep roots at JM Family, Chait has established strong relationships in the automotive, financial and banking industries and has successfully led through fluctuating business cycles.

Chait joined Southeast Toyota Finance in 2002 as vice president, Asset Management. In 2007 he became group vice president responsible for Southeast Toyota Finance’s Portfolio Management, Dealer Services, Operations, Sales and Marketing functions. In 2011, Chait was named senior vice president, and in 2012 became president before assuming full responsibility for leading Southeast Toyota Finance and JM&A Group in 2021. Chait has held senior level positions with US Airways, AutoNation, and UniCapital Corporation.

“I am grateful for the number of responses and comments, particularly from friends and colleagues from the past,” Dan Chait wrote in a social media comment. “I am excited to assume this new position and credit the amazing group of associates I’ve been working with for the last 21 years.”

Chait earned his Master of Business Administration and bachelor’s degree in Economics and Political Science from the University of Rochester. In 2019, he was named chairman of the American Financial Services Association board of directors, of which he has been a member since 2015. He resides in Wellington, Florida, with his wife and they have four children.

To learn more about JM Family Enterprises, visit www.jmfamily.com

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By Nikki Cabus

TBC Corporation Promotes Don Byrd to President and Chief Executive Officer

Read Time 3 Minutes

TBC Corporation (“TBC”), a leader in the mobility industry and one of North America’s largest marketers of automotive replacement tires through wholesale and franchise operations, announced today the company’s new president and chief executive officer, Don Byrd.

TBC Corporation (TBC) is one of North America’s largest marketers of automotive replacement tires through wholesale and franchise operations. TBC serves wholesale customers in the United States, Canada and Mexico through TBC Brands, NTW, TBC International, and TBC de Mexico. Additionally, TBC responds to the needs of consumers in search of total car care at more than 2,400 franchised and licensed tire and automotive service centers under the Big O Tires® and Midas® brands.

Don Byrd, who currently serves as TBC’s chief strategy and marketing officer, will replace Sam Kato, effective May 1. Kato, who was appointed to position TBC for growth and evolution, will return to Sumitomo, one of TBC’s shareholders. Byrd’s appointment by the TBC Board of Directors to president and chief executive officer is a natural transition for TBC and follows a strategic plan developed in collaboration with Kato.   

“Don Byrd has worked hand-in-hand with Sam and the other members of TBC’s executive leadership team to build out the company’s current winning strategy,” said Kei Kubota, TBC Corporation board member. “TBC is well-positioned for continued growth, and we look forward to collaborating with Don to help propel the company to even greater heights. We are grateful for Sam’s exceptional leadership and dedication to TBC’s transformation, particularly over the past year, while serving as the company’s president and CEO.”

Byrd joined TBC in April 2018 as executive vice president, TBC and president & COO, National Tire Wholesale (NTW). He was soon named president, TBC purchasing and assumed additional responsibilities as chief marketing and strategy officer. Prior to joining TBC, Byrd served as the COO and president of Tire Centers Incorporated (TCi), LLC, one of the country’s leading tire service networks and a wholly owned subsidiary of Michelin North America, Inc. Before TBC and Michelin, he spent 19 years at Procter & Gamble in marketing and operations roles. 

Byrd said, “We appreciate Sam’s contributions to TBC and wish him continued success. Under Sam’s leadership, we built a strong foundation for the company, poised for growth. As CEO, I will continue to execute on this strategic vision. We are laser-focused on providing best-in-class solutions in the mobility and automotive industry and strengthening our wholesale and distribution, and franchise businesses, and keeping our stakeholders moving on the road ahead.” 

Kato said, “I’ve thoroughly enjoyed these past three years, where I’ve had the privilege of working alongside a dynamic team here at TBC. I’m proud of the work we’ve accomplished together, and I’m confident Don will continue to drive TBC forward and build upon our success.”  

Kato is a 30-year veteran of global automotive businesses. Prior to his appointment as president and CEO of TBC, he served as a director of the board for TBC Corporation from 2015 until 2018 when he was leading transportation businesses for Sumitomo Corporation of Americas. As TBC’s first chief administrative officer, Kato maintained responsibility for legal and compliance, human resources, IT, digital, corporate strategy and communications. Kato was an instrumental part of the Sumitomo leadership team that formed a strategic 50/50 joint venture with Michelin North America, Inc., in 2018 to create the current TBC Corporation.  

For more information, visit tbccorp.com. 

Dan Chait Promoted to President & COO of JM Family
TBC Corporation Promotes Don Byrd to President and Chief Executive Officer