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Cooper Standard(NYSE:CPS) today announced changes to its leadership team: William(Bill) Pumphrey, executive vice president and president, GlobalAutomotive and Industrial and Specialty Group (ISG), is retiring atthe end of the year; and John Li, vice president and managing directorChina, is leaving the Company to pursue other endeavors. As a result,the following changes will take place over the nextmonth:
- Patrick Clark has been appointed senior vicepresident, chief manufacturing and commercial officer, and will assumeresponsibility for the commercial function and automotive profit andloss (P&L) in addition to his existing responsibility formanufacturing;
- Enrique Nogueroles has been named vicepresident and managing director - Asia Pacific and will assume P&Lresponsibility for the entire Asia Pacific business;and
- Ramsey Changoo has been appointed vice president andmanaging director - ISG, assuming P&L responsibility for thebusiness. He will also join the Global Leadership Team.
“Patrick, Ramsey andEnrique bring a wealth of experience to these vital roles in ourleadership team,” said Jeffrey S. Edwards, chairman and CEO, CooperStandard. “Filling these positions with outstanding internalcandidates is a testament to Cooper Standard’s culture andleadership bench strength. I am confident that they, along with theother members of our leadership team, will continue with laser focuson delivering world-class products and services to our customers anddriving increasing value for all our stakeholders. On behalf of theentire Cooper Standard organization, I want thank Bill for his strongleadership and many contributions over the years.”
With more than 27 yearsof automotive industry experience, Clark has held diverse leadershippositions at Cooper Standard, including engineering, operations,program management, finance, strategy and sales. In addition to hiscurrent responsibilities leading Cooper Standard’s manufacturingoperations functions toward world-class levels, Clark will also haveglobal responsibility for customer satisfaction and businessdevelopment in support of the Company’s profitable growthtargets.
Nogueroles brings more than 12 years of industry expertise tohis new role, where he will be responsible for the sales, programmanagement and manufacturing activities in Asia Pacific, whilepartnering with engineering, manufacturing and other functions toexecute China’s profitable growth strategy. He joinedCooper Standard in 2018 as managing director, Cooper Standard Indiaand most recently served as vice president operations Asia Pacific& China joint ventures.
Bringing more than 30 years of experience to hisnew role as part of the Global Leadership Team, Changoo will overseethe Company’s ISG as vice president and managing director - ISG. Inthis position, Changoo will work to help progress the Company’sdiversification strategy to accelerate growth and maximize the valueof the Company's products and technologies in industrial andspecialty markets. He joined Cooper Standard as finance director in2005 and has held leadership positions in finance and operations.
Pumphrey joinedthe Company in 2011 as North American president. During his career atCooper Standard, he was instrumental in ensuring Cooper Standardsupported customers in meeting the demands of the rapidly changingmobility landscape. He was also responsible for corporate strategy andthe Company’s ROIC (return on invested capital) improvementinitiative, where he helped refine the strategy for futuregrowth.
AboutCooper Standard
Cooper Standard, headquartered in Northville, Mich., withlocations in 21 countries, is a leading global supplier of sealing andfluid handling systems and components. Utilizing our materials scienceand manufacturing expertise, we create innovative and sustainableengineered solutions for diverse transportation and industrialmarkets. Cooper Standard's approximately 25,000 employees are atthe heart of our success, continuously improving our business andsurrounding communities. Learn more at www.cooperstandard.com orfollow us on Twitter @CooperStandard.
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