IFS Hired as Ongoing Retainer Investment Consultant for the Retirees of Continental Tire North America VEBA Health Care Trust

IFS has been retained as the on-going investment consultant on behalf of the Retirees of Continental Tire North America (CTNA) VEBA Health Care Trust.  The Trust was established in 2008 pursuant to a settlement agreement between the United Steelworkers (USW) and Continental Tire North America and provides health care and related benefits covering approximately 2,500 USW represented retirees and surviving spouses as well as a limited number of future retirees.

The Trust is governed by a Committee which is independent of CTNA.  IFS will provide investment advice to the Committee regarding overall investment policy, asset allocation, investment structure, investment manager selection and on-going monitoring and reporting.