Cooper Tire & Rubber Co. has completed its previously announced senior executive leadership transition. Bradley Hughes is now president and CEO and a director of the company.
Hughes' appointment follows the Aug. 31 retirement of Roy Armes as chairman, chief executive officer and president. Also as previously announced, former lead independent director Thomas P. Capo has been appointed non-executive chairman of the Cooper board.
In a press release issued by Cooper, Capo stated, “On behalf of the Cooper board, I want to congratulate Brad on his appointment as CEO and welcome him as a director. He has been with Cooper for nearly seven years in senior executive leadership roles and has been a key architect of the company’s strategic plan, which has brought about outstanding performance.
“Roy has our thanks for providing strong leadership for nearly a decade, driving record results. The past six months have been an extremely smooth period of transition as Brad and Roy have worked closely together to assure that Cooper continues to move forward without interruption on its important growth plans.”
Hughes said he is “excited and honored to take on the role of CEO for a great company with a strong legacy in the tire industry.”
Cooper teams around the globe have performed extremely well, delivering outstanding results, according to Hughes. “We will stay focused on our strategic plan, working toward the ambitious goals we have set for the future while staying true to our core value proposition of delivering great performing tires and outstanding customer service at a good value.”
