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.

Recommending summer tires based on customer demand

Let’s talk about why clear communication with customers is key with this segment.

By Christian Hinton

Published: April 25, 2024

If you’re a shop looking to sell summer tires, it’s important to know that customers looking for these tires have very specific needs. Let’s talk about why, before recommending summer tires, you need to fully understand customer performance requirements.

Unlike all-season or all-terrain tires built for diverse driving conditions, UHP summer tires are designed with one priority: dry and wet traction for performance driving. Lateral and longitudinal grip in dry and wet conditions are also important, which is achieved through optimized contact patches, high silica tread compounds and circumferential grooves to channel water. Generally, UHP summer tire tread design features large blocks and fewer grooves for more road contact on dry surfaces. The grooves are designed to channel water away from the tire, reducing the risk of hydroplaning on wet roads.