CLERMONT-FERRAND, France (June 21, 2011)—Michelin Managing Partner Didier Miraton is leaving after 29 years with the company, including the last four as a managing partner.
Neither Miraton, 53, nor Clermont-Ferrand-based Michelin elaborated on the reasons for the executive's decision to leave. Daily newspapers in France reported his departure is tied to the firm's recent naming of Jean-Dominique Senard to succeed Michel Rollier as managing general partner.
Michelin did not name a replacement for Miraton as head of technology. His current five-year term was to expire next year.
Miraton, who was responsible for truck tire engineering in North America from 1989-1994, did not say what he intends to do after leaving Michelin.
From 1994-2001 he was involved in Michelin's OTR tire business and was named president of Michelin's worldwide Research & Technology and a member of the group executive council in 2001.
He joined Michelin in 1982 after earning a civil engineering degree from the French Ponts-et-Chaussees School in suburban Paris.
Michelin said Miraton would receive, in line with accepted French labor regulations, a severance payment equal to the salary, bonus and other compensation he received in 2009 and 2010. Michelin put that sum at $2.57 million, or $1.17 million after taxes.
Miraton is leaving Michelin as the company embarks on a $135 million, six-year makeover/modernization of its 45-year-old R&D center complex in Ladoux, France.