(NewsDirect)
To better leverageits culture, capabilities and resources for future growth and tofurther align with the interests of all its stakeholders in rapidlyevolving global markets, Cooper Standard (NYSE: CPS) has re-definedits formal Purpose, Mission and Values statements.
“Since 2013, CooperStandard has clearly defined its Purpose, Mission and Values toprovide clarity and inspiration for all stakeholders,” said JeffreyEdwards, chairman and CEO, Cooper Standard. “To ensure thesestatements remain aligned with our culture and the needs of our keystakeholders, we thoughtfully re-examine them every few years. In2021, through a series of workshops, the Cooper Standard GlobalLeadership Team assessed our culture and, with the help of employeefeedback, updated the Company’s Purpose, Mission and Valuesstatements to provide guidance and alignment for our teamworldwide.”
According to Cooper Standard, its newstatement of Purpose – “Creating Sustainable SolutionsTogether” – consists of four important words:
- Creating: The Companyis developing game-changing advancements in materials science andproduct innovations;
- Sustainable: Cooper Standard deliverscontinued business viability and reduction of its environmentalfootprint;
- Solutions: Cooper Standard delivers high-qualityproducts and services to its stakeholders; and
- Together: TheCompany partners with all its stakeholders to create a bettertomorrow.
The Company’s updated Mission statement is “Be the FirstChoice of the Stakeholders We Serve.” According to Edwards, thisreflects Cooper Standard’s Mission to be the first choice of each ofits stakeholder groups – customers, employees, investors, suppliersand the communities in which it operates – by living its Core Valuesand demonstrating its capabilities to meet or exceedexpectations.
Cooper Standard’sValues are the foundation of its culture. These non-negotiable beliefsare modeled in all business interactions. The Company’s six updatedValue statements include:
- Safety First: Ensuring a physically andpsychologically safe workplace, with a focus on environmentallyresponsible materials, products andprocedures;
- Collaboration Drives Success: Buildingpartnerships, interacting with transparency and aligning resources tomeet shared objectives;
- Integrity Always: Consistentlyacting in an honest, ethical and responsiblemanner;
- Diversity Makes Us Stronger: Creating a globalworkforce that reflects a broad range of human differences; leveragingthe uniqueness of every team member; and nurturing an inclusiveculture where each employee feels they belong and arevalued;
- Commitment to Excellence: Holding ourselves andeach other to high standards and always striving to do better throughcourage, creativity, perseverance and discipline;and
- Respect for All: Sustaining an encouraging, caringand supportive environment by listening with an open mind, speakingthoughtfully and treating others with dignity.
“Together, our updatedPurpose, Mission and Values statements reflect our unique culture andCooper Standard’s ability to serve its stakeholders in the new,evolving future,” said Edwards. “It is this culture that will helpus navigate industry challenges and emerge even stronger,together.”
Formore information about Cooper Standard’s Purpose, Mission andValues, and the culture they cultivate, please visit: http://www.cooperstandard.com/company/about-us/our-purpose .
About CooperStandard
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 23,000 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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http://www.cooperstandard.com/
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