New Cooper Boss’ Compensation Outlined

(Akron/Tire Review) Dow Jones reported that new Cooper Tire & Rubber Co. president and CEO Roy Armes will have an annual salary of $700,000 when he starts on Jan. 1, 2007.

Published: December 21, 2006

The former Whirlpool Corp. executive received a three-year contract, said the report, and will also receive other compensation and benefits normally extended to Cooper executives.

The Dow Jones report cited Cooper filings with the Securities & Exchange Commission.

According to those filings, Armes will be eligible for incentive pay of 85% to 170% of his base salary, based on performance, and will receive an initial restricted stock award, the value of which will be contingent on vesting requirements.

Armes was named Cooper’s new president and CEO Monday, replacing Tom Dattilo who left Cooper in August.

GT Radial achieves double podium finish at Formula Drift Championship

GT Radial driver Simen Olsen of Norway claimed second place, while Aurimas “Odi” Bakchis of Lithuania finished third.

By Christian Hinton

Published: May 5, 2024

GT Radial began its defense of 2023 Formula Drift Tire Cup Championship on April 13 with a double podium finish at the Formula Drift Pro Championship Road 1 in Long Beach, CA. GT Radial driver Simen Olsen of Norway claimed second place in his Feal Suspension Nissan S14.9, while Aurimas “Odi” Bakchis of Lithuania finished third in his Feal Suspension/GT Radial Nissan S15. James Deane of Ireland was awarded first place.