Cooper Tire’s Roy Armes to retire

Roy V. Armes, chairman, chief executive officer and president of Cooper Tire & Rubber, has announced his intention to retire on 31 August 2016. According to the company’s succession plan, the Cooper Board of Directors will appoint incumbent chief operating officer Bradley E. Hughes to the roles of president and chief executive officer effective upon Armes’ retirement, and Hughes is also expected to join the Board of Directors at that time. Thomas P. Capo, who is now lead independent director, is expected to become the Board’s non-executive chairman upon Armes’ retirement.