The founder of Dura Automotive Systems Inc. has retired from the company's board to pursue other business interests.
S.A. "Tony" Johnson, 64, had served on Dura's board since founding the company in 1990. He also led its initial public offering in 1996.
Johnson also is chairman of the board of Tower Automotive Inc. and is involved in Hidden Creek Industries, the Minnesota-based investment group that started Tower and Automotive Industries Holding Inc., which was sold to Lear Corp. in 1995.
Johnson grew Rochester Hills, Mich.,-based Dura and Novi, Mich.,-based through acquisitions.
Dura is 30th on the Automotive News ranking of top suppliers to North American automakers in 2003 with $1.4 billion in sales. Tower is 16th on the list with nearly $2 billion in sales.