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tenneco inc (TNN) Snapshot

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07/24/14 - €50.68
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tenneco inc (TNN) Details

Tenneco Inc. designs, manufactures, and sells clean air and ride performance products and systems for light vehicle, commercial truck, and off-highway and other vehicle applications worldwide. It provides emission control systems, such as catalytic converters and diesel oxidation catalysts to reduce harmful gaseous emissions; diesel particulate filters; burner systems to combust fuel and air inside the exhaust system; and lean nitrogen oxide (NOx) traps, selective catalytic reduction systems, and alternative NOx reduction technologies to reduce NOx emissions. The company also offers hydrocarbon vaporizers and injectors to add fuel to diesel exhaust system; mufflers and resonators to provide noise elimination and acoustic tuning; exhaust manifolds to collect gases from individual cylinders of a vehicle’s engine; pipes to connect various parts of an exhaust system; hydroformed assemblies; hangers and isolators for system installation, elimination of noise and vibration, and improvement of useful life; and after treatment control units. In addition, it offers ride performance products and systems, such as shock absorbers; struts; vibration control components; Kinetic suspension technology, a suite of roll-control and nearly equal wheel-loading systems; advanced suspension systems; Kinetic H2/CES semi-active suspension systems; and other ride performance products consisting of load assist products, springs, steering stabilizers, adjustable suspension systems, suspension kits, and modular assemblies. Tenneco Inc. sells its products to original equipment vehicle designers and manufacturers; and repair and replacement markets under the Monroe, Rancho, Clevite Elastomers, Marzocchi, Axios, Kinetic, Fric-Rot, Walker, XNOx, Fonos, DynoMax, Thrush, and Lukey brands. The company was formerly known as Tenneco Automotive Inc. and changed its name to Tenneco Inc. in 2005. Tenneco Inc. was founded in 1987 and is headquartered in Lake Forest, Illinois.

26,000 Employees
Last Reported Date: 02/28/14
Founded in 1987

tenneco inc (TNN) Top Compensated Officers

Executive Chairman and Chief Executive Office...
Total Annual Compensation: $1.4M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $684.7K
Executive Vice President of Clean Air Divisio...
Total Annual Compensation: $688.1K
Compensation as of Fiscal Year 2013.

tenneco inc (TNN) Key Developments

Tenneco Inc. Announces Executive Appointments, with Effective from March 1, 2015

Tenneco Inc. announced that it has appointed John E. Kunz, currently the company's Vice President, Treasurer and Tax, to become the company's Vice President and Controller effective March 1, 2015. Mr. Kunz, 50, will serve as the company's principal accounting officer with responsibility for the company's corporate accounting and financial reporting globally. Mr. Kunz has been Vice President, Treasurer and Tax since 2006, having joined the company in 2004 as Vice President, Treasurer. Paul D. Novas, the company's current Vice President and Controller, will become Vice President, Finance effective March 1, 2015, responsible for the treasury and tax departments and business development.

Tenneco Inc. Announces Executive Changes

Tenneco Inc. appointed Brian Kesseler as chief operating officer, effective January 12, 2015. Kesseler replaces Hari N. Nair who has announced his retirement from the company. Nair's retirement is effective March 31, following a transition period. Kesseler, is president of Johnson Controls Power Solutions.

Tenneco Inc. Redeems the Remaining Approximately $44 Million in Aggregate Principal Amount of 2018 Notes

Tenneco Inc. completed its cash tender offer for and redemption of its outstanding $225 million 7 3/4% Senior Notes due 2018. The tender offer expired at 12:01 a.m., New York City time, on December 19, 2014. Including 2018 Notes purchased in connection with the early settlement of the related consent solicitation on December 5, 2014, the company purchased a total of approximately $181 million in aggregate principal amount of 2018 Notes in the tender offer. On December 22, 2014, the company redeemed the remaining approximately $44 million in aggregate principal amount of 2018 Notes that were not purchased in the tender offer.


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