Cooper Standard Announces Realignment of Responsibilities Within its Global Leadership Team to Balance Focus on Key Strategic Initiatives

Cooper Standard Cooper Standard Announces Realignment of Responsibilities Within its Global Leadership Team to Balance Focus on Key Strategic Initiatives 17-Nov-2022 / 22:30 CET/CEST Cooper Standard (NYSE: CPS) today announced the realignment of certain responsibilities within its Global Leadership Team to create greater management synergies and focus on key strategic initiatives. The following changes are effective immediately.

• Patrick Clark, senior vice president and managing director - global automotive, will assume responsibility for the procurement function. This change brings closer alignment between Cooper Standard’s functions to drive the financial turnaround of the automotive business and improve its response to the dynamic automotive market.
• Joanna Totsky has been appointed senior vice president, chief transformation officer in addition to her role as chief legal officer and secretary. In this expanded role, she will continue to lead legal and compliance functions, while also taking on responsibility for the implementation of business transformation activities for long-term value creation.
• Chris Couch, senior vice president and chief technology officer, will fully focus on developing and commercializing advancements in materials science, product technology and manufacturing processes. Couch will continue expanding Cooper Standard’s product portfolio for electrified vehicles and will maintain the Company’s world-class technical support to customers, both of which continue to differentiate Cooper Standard. He will also drive the expansion of the Company’s non-automotive businesses, including industrial products, footwear and artificial intelligence (AI).

“This team of talented leaders is well aligned to continue addressing the business challenges of today, while also positioning Cooper Standard to successfully execute our accelerating value strategy,” said Jeffrey Edwards, chairman and CEO, Cooper Standard. “Our team is laser focused on optimizing our business as we work to drive increasing long-term value not only for our customers, but for all our stakeholder groups.”