Cooper Tire Announces Planned Retirement of CFO

FINDLAY, Ohio–(BUSINESS WIRE)–Cooper Tire & Rubber Company (NYSE: CTB) announced today that Ginger
Jones, Senior Vice President & Chief Financial Officer, has informed the
company she will retire as a full-time executive later this year, and
will focus on serving on public company boards of directors. Jones, who
joined Cooper in 2014, will remain in her current role until a successor
is named and an orderly transition is completed. Cooper has initiated a
search for Jones’ successor that involves internal and external
candidates.

“Ginger has made important contributions to Cooper, including playing a
key role in the development of our long-term strategy and business
priorities,” said President & Chief Executive Officer Brad Hughes.
“While she is moving to another stage in her career, we are grateful
that Ginger is fully committed to helping us deliver on our plans and
assuring a smooth transition. We are pleased that she and her family
plan to remain in the Findlay community, and we thank Ginger for the
critical role she has played and will continue to play over the coming
months.”

Jones, who has served since 2013 on the Board of Directors for Libbey
Inc., and was recently appointed to a second public-company board, said,
“I look forward to my next chapter, but will remain fully engaged at
Cooper throughout the search and transition process. There is a strong,
talented team in place at Cooper and I have every confidence in their
ability to execute the exciting plans we have underway to grow the
business.”

About Cooper Tire & Rubber Company

Cooper Tire & Rubber Company (NYSE: CTB) is the parent company of a
global family of companies that specializes in the design, manufacture,
marketing and sale of passenger car, light truck, medium truck,
motorcycle and racing tires. Cooper's headquarters is in Findlay, Ohio,
with manufacturing, sales, distribution, technical and design operations
within its family of companies located in more than one dozen countries
around the world. For more information on Cooper, visit www.coopertire.com,
www.facebook.com/coopertire
or www.twitter.com/coopertire.

Contacts

Cooper Tire & Rubber Company
Investor Contact:
Jerry
Bialek, 419-424-4165
[email protected]
or
Media
Contact:
Anne Roman, 419-429-7189
[email protected]