The Cooper Tire & Rubber Foundation, the philanthropic arm of Cooper Tire & Rubber Company, has established a new scholarship in recognition of soon to retire chairman, chief executive officer and president Roy Armes. The fund is known as the Roy V. Armes scholarship and is designed to assist the children of Cooper employees in the USA who intend to read either business or engineering at an accredited four-year college or university. The first Armes scholarship will be awarded in 2017.
“Roy greatly values education and believes that leadership skills are an essential element for young people to possess in today’s global economy. We could not think of a better way to honour his many accomplishments and contributions than to establish a scholarship in his name that will be awarded in perpetuity, assuring a lasting legacy,” said Brad Hughes, Cooper’s chief operating officer, who will assume the role of president and chief executive officer of Cooper effective upon Armes’ retirement on 31 August. “We are pleased to honour Roy in a way that is connected to his personal values of education and leadership and underscores his strong commitment to the people of Cooper.”