Following a career with Cooper Tire & Rubber spanning almost two entire decades, company vice president and chief financial officer Phil Weaver has announced plans to retire later this year. The 56-year old joined Cooper in 1990 and held the positions of tyre division controller (1990 to 1994) and tyre division vice president (1994 to 1998) before being appointed to his current role.
“I want to thank Phil for his years of service and commitment to Cooper Tire,” said Cooper Tire chairman, president and CEO Roy Armes. “While Phil was the CFO of Cooper, he was responsible for managing the finance function with a high level of integrity and within strict accordance with all federal and SEC regulations and guidelines. His contributions to the Company were key to many of the successes that Cooper has enjoyed.”
Cooper Tire & Rubber Company has made Roy V. Armes Chairman of the Board in addition to being President and CEO of the company. Along with that change, the Board dissolved the Office of the Chairman and appointed John Meier as Lead Director for the Board. Since August 2006, the Office of the Chairman has consisted of directors Byron Pond, Art Aronson and John Shuey. Armes was appointed President and CEO on 19 December, 2006.