Cooper Tire & Rubber Co. Chief Financial Officer Brad Hughes has been named president of international operations. Hal Miller, who was president of the international tire division, has been named executive adviser to Chief Executive Officer Roy Armes.
Hughes will continue as chief financial officer until Cooper finds a successor. Miller will help the company determine the future ownership of its joint venture plant, Cooper Chengshan Tire Co., in China. Cooper and Chengshan Group have agreed that one of the companies will buy the other’s interest in the factory, or will keep the current structure in which Cooper owns 65 percent.
Cooper Tire’s partnership with Chengshan Group went awry last year when Cooper Chengshan Tire Co. and its unionized workers sabotaged the proposed sale of Cooper Tire to Apollo Tyres, of India. The Chinese plant stopped producing Cooper-brand tires and withheld the plant’s financial information from Cooper Tire leaders. Without the financial information, Cooper Tire could not release information about its performance in the third quarter of 2013. That prevented lenders from releasing financing that Apollo needed to buy Cooper.