Cooper Tire & Rubber Company (NYSE: CTB) announced today that its board of directors has elected Tom Lause, Controller—Global Operations, to serve as Treasurer. In addition to the Treasurer role, Lause will also assume responsibility for the Tax function at Cooper. As he takes on these new responsibilities, Lause will continue in his current role until a successor is appointed by the company.

“We offer our congratulations to Tom on being elected Treasurer,” said Cooper Chairman, Chief Executive Officer and President Roy Armes. “Tom has been with Cooper for more than three decades, and throughout his career, he has demonstrated strong business and financial expertise, as well as effective leadership of financial teams throughout the organization on a global basis. We appreciate Tom’s many contributions and look forward to his continued service to the company as Treasurer.”

Lause joined Cooper in 1983 and served in a variety of accounting and planning roles until 1987 when he was appointed Senior Budget Analyst. In 1988, Lause became Controller of Cooper’s Texarkana, Arkansas plant, and two years later was named Administrative Manager for the company, a position he held for nearly a decade. Lause became Director, Finance, for Cooper-Avon Tyres in 1999, and three years later was promoted to Vice President, Tire Group Controller. He was appointed to his current position as Controller—Global Operations, in 2002. Lause holds a bachelor’s degree in accounting and a master’s of business administration degree (MBA) from Bowling Green State University.

About Cooper Tire & Rubber Company

Cooper Tire & Rubber Company (NYSE: CTB) is the parent company of a global family of companies that specialize in the design, manufacture, marketing, and sales of passenger car and light truck tires. Cooper has joint ventures, affiliates and subsidiaries that also specialize in medium truck, motorcycle and racing tires. Cooper's headquarters is in Findlay, Ohio, with manufacturing, sales, distribution, technical and design facilities within its family of companies located in 11 countries around the world. For more information on Cooper, visit www.coopertire.com, www.facebook.com/coopertire or www.twitter.com/coopertire.

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