Cooper Tire & Rubber Company Appoints CEO
December 19 2006 - 4:30PM
PR Newswire (US)
FINDLAY, Ohio, Dec. 19 /PRNewswire-FirstCall/ -- Cooper Tire &
Rubber Company (NYSE:CTB) today announced the appointment of Roy V.
Armes as President and Chief Executive Officer, and his election as
a Director on the Board. Mr. Armes will assume the top post at the
world's eighth largest tire manufacturer effective January 1, 2007.
He will succeed Byron O. Pond, a member of the board of directors
who has served as interim CEO since August. (Logo:
http://www.newscom.com/cgi-bin/prnh/20010404/COOPERLOGO) Armes
comes to Cooper following an outstanding 31 year career at
Whirlpool Corporation. He brings to Cooper a wealth of experience
in engineering, manufacturing, global procurement and international
operations management as well as a successful track record of
developing customer relationships and consumer oriented products.
His specific roles included: Senior Vice President, Project
Management Office; Corporate Vice President/General Director,
Whirlpool Mexico; Corporate Vice President, Global Procurement
Operations; and President and Managing Director, Whirlpool Greater
China. "We are extremely pleased to have Roy taking the lead at
Cooper at this critical time," Pond said. "He has all the qualities
we were searching for and the leadership capabilities to continue
and successfully execute the Company's plans for profitability. He
has the complete confidence of the board and will fit in well with
our management team." Mr. Armes holds a bachelors degree in
mechanical engineering from the University of Toledo, Toledo, Ohio.
He is married and has two sons and will relocate soon to the
Findlay, Ohio area. "I am thrilled to be joining Cooper at a very
exciting and challenging time of opportunity in North America and
growth internationally," Armes said. "I look forward to working
closely with our management team and our global partners to
continue Cooper's tradition of serving our customers and to improve
the overall results and returns for our shareholders." For an
undesignated period, the "office of the chairman" will remain
intact as it is currently constructed with directors, Byron Pond,
John Shuey and Art Aronson. Company Description Cooper Tire &
Rubber Company is a global company that specializes in the design,
manufacture, marketing and sales of passenger car, light truck,
medium truck tires and subsidiaries that specialize in motorcycle
and racing tires, as well as tread rubber and related equipment for
the retread industry. With headquarters in Findlay, Ohio, Cooper
Tire has 59 manufacturing, sales, distribution, technical and
design facilities within its family of companies located around the
world. For more information, visit Cooper Tire's web site at:
http://www.coopertire.com/.
http://www.newscom.com/cgi-bin/prnh/20010404/COOPERLOGO
http://photoarchive.ap.org/ DATASOURCE: Cooper Tire & Rubber
Company CONTACT: Patricia Brown of Cooper Tire & Rubber
Company, +1-419-424-4370 Web site: http://www.coopertire.com/
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