Edouard Michelin

DEFINITION of 'Edouard Michelin'

A former president and CEO of French tire manufacturer and map and guidebook company Groupe Michelin. Michelin became president and CEO of Groupe Michelin when his father, Francois, retired in 1999. During Michelin's tenure, Groupe Michelin became the market leader in tires after the Bridgestone/Firestone tire defect episode. Michelin also made a controversial decision to cut thousands of jobs even as the company experienced record profits and he implemented specialized production in Michelin's plants.

BREAKING DOWN 'Edouard Michelin'

Born in 1963 in France, Michelin earned his bachelor of science degree from the École Centrale de Paris in 1985. He immediately began working for the family business, but was called away to serve in the French navy from 1987 to 1989. Afterward, he returned to Groupe Michelin, where he would become leader of the company's U.S. operations. He also served on the board of Nokia Corp., was a member of the World Business Council for Sustainable Development and promoted environmentally friendly automobiles. Michelin drowned in a 2006 fishing accident.

RELATED TERMS
  1. CAC 40

    The French stock market index that tracks the 40 largest French ...
  2. Kicking The Tires

    A slang term for researching an investment before putting any ...
  3. E. Linn Draper Jr.

    A former chairman, CEO and president of Ohio-based public utility ...
  4. William E. Mitchell

    A chairman and CEO of Arrow Electronics. William E. Mitchell ...
  5. Jamie Dimon

    The chairman, CEO and former president of JPMorgan Chase & ...
  6. Thomas J. Engibous

    A former chairman, CEO and president at electronics company Texas ...
Related Articles
  1. Personal Finance

    Michelin

    Though they may seem like a rare breed these days, these organizations have built their reputations on just one item.
  2. Forex Education

    Managing Currency Exposure In Your Portfolio

    The value of your investments is impacted by changes in global currency exchange rates. Find out how.
  3. Personal Finance

    Tires

    Certain categories of goods and services that are usually cheaper in the U.S. than in Canada.
  4. Personal Finance

    Ford SUVs And Firestone Tires

    The recalls of these products not only affected consumers, but the companies that manufactured the products as well.
  5. Budgeting

    Keep Your Tires Inflated

    Don't take your car's reliability for granted. It's more likely to be there for you when you need it if you follow these inexpensive precautions.
  6. Investing

    11 Top Celebrity Restaurants

    These 11 celebrities may come from a variety of industries but they have all seen the allure of the restaurant business, both high-end and low-end.
  7. Entrepreneurship

    Every Business Needs To Answer These 5 Questions

    Although there are endless ways to reframe and rephrase them, there are only really five important questions that every business needs to answer.
  8. Professionals

    The Top 5 Richest Restaurateurs

    The top five richest restaurateurs have proven that it is possible to not only turn a profit in the restaurant business but to become multi-millionaires!
  9. Entrepreneurship

    Why Every Small Business Needs A Website

    The reality of living in the twenty-first century is that customers find business information and product offerings predominantly on websites, and small businesses without an online presence ...
  10. Professionals

    America's Top CEOs and Their College Degrees

    You might expect all of America's top CEOs to have a business degree from an Ivy League school, but they hail from a variety of academic backgrounds.
RELATED FAQS
  1. Which benchmarks / indexes track the automotive sector?

    Explore some of the major benchmark equity indexes worldwide that analysts and investors use to track the performance of ... Read Answer >>
  2. What are some of the ways that a company can improve its brand equity?

    Learn why brand equity is so valuable in business. These strategies for gaining high exposure and a great reputation will ... Read Answer >>
  3. What is the difference between a president and a chief executive officer? Can there ...

    In general, the chief executive officer (CEO) is thought of as the highest ranking officer in a company while the president ... Read Answer >>
  4. How does a change in CEO impact stock price?

    Learn what effect hiring a new CEO has on the value of a company's stock. Explore which factors are most likely to influence ... Read Answer >>
  5. What stock factors should you consider when a company makes a CEO change?

    Learn about factors affecting the price of stock following a change in CEO. Explore why a change in CEO may be positive or ... Read Answer >>
  6. How did Warren Buffett get started in business?

    Warren Buffett may have been born with business in his blood. He started saving while other children were at the playground, ... Read Answer >>
Hot Definitions
  1. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  2. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  3. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  6. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
Trading Center