Phil Weaver, vice president and chief financial officer at the Cooper Tire & Rubber Co., will be retiring by the end of this year.
Weaver, 56, has been with the company for nearly 20 years. He will continue as CFO and serve on the executive committee until a successor is chosen and a smooth transition plan is in place.
“Cooper has strong internal processes and very good people,” says Weaver. “I am confident that the company will continue to operate as a solid organization during the upcoming transition.”
Both internal and external candidates will be considered for the position, according to Roy Armes, chairman, president and CEO.
“I want to thank Phil for his years of service and commitment to Cooper Tire,” Armes says. “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 (Securities and Exchange Commission) regulations and guidelines. His contributions to the company were key to many of the successes that Cooper has enjoyed.”
Weaver joined Cooper in 1990 after being previously employed by Ernst & Young. His prior Copper positions included controller of the tire division from 1990 to 1994, and vice president of the tire division from 1994 to 1998. In 1999 he was promoted to CFO. He also serves on the board of directors at the Bemis Co., Inc.
For more information, visit www.coopertire.com.
