News Summary
Michelin North America, Inc. celebrates its 50-year anniversary in Greenville, South Carolina, showcasing significant economic impact and announcing new leadership with Matthew Cabe set to succeed Alexis Garcin as CEO in 2024.
Greenville Celebrates Michelin’s 50-Year Milestone
Greenville, South Carolina, is buzzing with excitement as Michelin North America, Inc. marks a significant milestone—**50 years** of business in the Palmetto State! Celebrations took place recently at Michelin’s corporate headquarters in this vibrant city, drawing attention from state and local leaders including Governor Henry McMaster, who joined in the festivities.
A Legacy of Economic Growth
The impact of Michelin on South Carolina is truly impressive. According to a report from the University of South Carolina’s Darla Moore School of Business, Michelin has generated over **$266 billion** in total economic impact since its arrival in the state. Each year, they contribute a staggering **$8.2 billion** to South Carolina’s economy, a figure that showcases the essential role the company plays in supporting local growth.
With a workforce of **24,915 jobs** across the state, Michelin is not just a tire manufacturer; they are a cornerstone of the community. The arrival of Michelin in Greenville less than a decade after it opened its first tire facility in 1975 is often credited with transforming manufacturing in the Upstate. Local officials, like Greenville Mayor Knox White, recognize how Michelin helped to diversify the industry, paving the way for expanded economic opportunities in the region.
New Leadership on the Horizon
During the festive event, current CEO and outgoing president Alexis Garcin announced that **Matthew Cabe** will succeed him as president and CEO on **October 1, 2024**. Garcin, who has played a pivotal role in spearheading Michelin’s growth in North America, is set to transition to a new position within the company and will remain integral to its future efforts.
Matthew Cabe is no stranger to the company, having dedicated over **19 years** to Michelin. His extensive experience includes roles in engineering, manufacturing, and marketing within different sectors of Michelin. Before returning to the U.S., he served as the senior vice president of Michelin Group’s automotive regional brands business line in Budapest, Hungary. With a solid educational background that features a bachelor’s degree in mechanical engineering from Clemson University and an MBA from the Darla Moore School of Business, Cabe is well-equipped to take on this critical role.
Expanding Horizons
As of 2024, Michelin operates **15 facilities** in South Carolina, and with Cabe at the helm, the company is poised for continued success. His responsibilities will span a wide range of customer-facing functions including sales, marketing, services, quality, supply chain, corporate services, communications, finance, personnel, IT, and legal, ensuring a holistic approach to Michelin’s business operations in North America.
With Cabe’s strong focus on leadership and strategy, the future looks bright for Michelin and the communities surrounding their operations. The company’s commitment to its employees and the state of South Carolina is evident, and the coming years promise to bring even more opportunities for growth and innovation.
The Tire Legacy Continues
Since its first tire was manufactured in Greenville in **1975**, Michelin has grown tremendously. By the end of 1984, the Greenville plant had churned out approximately **40 million tires**, paving the way for an impressive trajectory that continues to shape the industry today. With a combination of innovative technology, strong leadership, and community support, Michelin’s legacy in South Carolina is a testament to the positive impact that a single company can have on a local economy.
As the celebrations wrap up, the excitement in Greenville is palpable. With a solid future under the leadership of Matthew Cabe, Michelin North America is set to continue its journey of excellence and economic contribution to the state.
Deeper Dive: News & Info About This Topic
- Greenville Online
- Wikipedia: Michelin
- Michelin Media
- Google Search: Michelin South Carolina
- Spectrum Local News
- Google Scholar: Michelin North America
- GSA Business
- Encyclopedia Britannica: Michelin
- NY1
- Google News: Michelin 50 years
- Fox Carolina
- Upstate Business Journal
- Post and Courier
