FINDLAY, Ohio — Cooper Tire & Rubber Co. is among more 1,350 companies to be named a Winning "W" company by 2020 Women on Boards, a national campaign advocating for increased representation of women on boards of directors.
The campaign, which began in 2010, wants to see women hold at least 20% of board seats on U.S. companies by 2020. To encourage this growth, 2020 Women on Boards recognizes companies that achieve this goal with the Winning "W" distinction.
"We are proud to earn this recognition from 2020 Women on Boards," Cooper President and CEO Brad Hughes said. "Diversity in the boardroom is good business.
"Different backgrounds and perspectives bring about healthy debate on strategic opportunities and lead our company to be more reflective of our customers, consumers, employees, investors and the world at large."
Cooper's board comprises seven men and three women: Susan F. Davis, former executive vice president at Johnson Controls; Kathryn P. Dickson, former vice president Mattel Inc.; and Tracey I. Joubert, CFO, Molson Coors Brewing Co.
According to Women on Boards 2020, the range of perspectives that board members bring is important to ensuring that the company carefully considers its direction.
"Good corporate decision-making requires the ability to hear and consider different points of view, which comes from people who have different backgrounds, experiences and perspectives," 2020 Women on Boards notes on its website.
"Companies that have women directors and executive officers lead by example. They send a clear message that they value diversity of thought and experience. Advancing women to positions of leadership is smart business."
Other tire and auto service industry companies to earn Winning "W" distinction in the 2020 Women on Boards included Myers Industries Inc., O'Reilly Automotive and Snap-On Inc., where women represent 29%, 22% and 20% of the seats, respectively, on their boards of directors.
This is the second diversity recognition this year for Cooper. Earlier Women's Forum Inc. singled out Cooper for having a corporate board comprised of 30% women.