Tom Dattilo Leaves Cooper
Cooper Tire & Rubber Company chairman, president and CEO, Tom Dattilo has resigned to pursue another position elsewhere. The board of directors has announced that Byron O. Pond is to serve as interim CEO while the company searches for a replacement. In the last year Cooper’s share price has fallen around $11 and the company has reported a string of unimpressive quarterly reports. First half 2006 results showing a 19 per cent sales increase and $26 million of losses were published in parallel with the news of Dattilo’s resignation.