Overview

• Faiez Pisal assumed his role on July 1, succeeding Matthieu Aubron who will now lead Michelin’s Urban Transport Business Line for North America from Montreal.
• Pisal’s appointment is part of Michelin’s drive to strengthen its Mexico and Central America hub, a core growth region with advanced manufacturing and shared services centers.
• Michelin plans to wind down tire production at its Querétaro site by the end of 2025, affecting 480 employees who will receive severance packages and retraining support.
• The 2018-opened León plant, expanded in 2022 with a $910 million investment, remains the group’s most modern tire factory in Mexico with capacity to scale output further.
• The company reaffirmed its commitment to invest in infrastructure, talent development and low-carbon mobility solutions as it refocuses operations in the region.