Edouard Michelin, the co-managing partner of the French tire company, drowned May 26 in a boating accident off the coast of western France.
Michelin and a fishing companion were aboard a boat when it sank in still unexplained circumstances.
Michelin joined the tire company in 1985, became a managing partner in 1991 and was appointed Michelin's head June 11, 1999. He also served as chief executive of the tire company's North America subsidiary.
Michelin was founded in 1889 by brothers Edouard and Andre Michelin. Edouard Michelin was the fourth consecutive family member to run the company, taking over the position from his father.
Company officials said managing partner, Michel Rollier, will run the firm, which employs 130,000 people worldwide.
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