Page 1 - VICE PRESIDENT – PRODUCT STRATEGY & DEVELOPMENT
P. 1
Director, Global Environmental, Health, Safety & Security
COOPER TIRE & RUBBER COMPANY
CORPORATE OVERVIEW
Our client is the Cooper Tire & Rubber Company (NYSE: CTB). Cooper Tire is a $3 billion global
manufacturer of commercial tires and specializes in the design, manufacture, marketing, and
sale of passenger car, light truck, medium truck, motorcycle, and racing tires. Cooper Tire is
headquartered in Findlay, Ohio. The company has significant manufacturing presence in the
United States, Mexico, Europe and Asia. The company also has sales, distribution, and technical
and design operations within its family of companies located in more than one dozen countries
around the world.
The origins of the Cooper name go back to 1920, when Mr. Ira J. Cooper, a director for the
company Schaefer and Hart, founded and formed the Cooper Corporation. The company grew
in subsequent years through mergers, acquisitions, and expanding sales. Most recently and in
2016, Cooper completed the purchase of a majority interest in China-based Qingdao Ge Rui Da
Rubber Co. (GRT) for the production of truck and bus radial (TBR) tires. The company also
went through a top leadership transition with Brad Hughes assuming the role of President and
Chief Executive Officer from his previous role of Chief Operating Officer. His appointment
followed the retirement of Roy V. Armes as Chairman, Chief Executive Officer and President.
Today, Cooper employs more than 10,400 people, operates in more than one dozen countries
around the world, and is moving its business forward. The company has stated publically that it
is targeting top-line sales growth to achieve $5 to $6 billion. This growth will be achieved
through both organic growth and opportunistic acquisitions. The company’s evolved business
model positions it well to succeed long-term in the competitive global tire business.