NEW YORK — Women's Forum Inc. will recognize Cooper Tire & Rubber Co. at a November event for having a corporate board comprised of 30 percent women.
The Women's Forum of New York — as the group is more widely known — is working toward achieving 50/50 gender parity in the nation's boardrooms by 2025 through its corporate board initiative.
Cooper's board makeup of seven men and three women exceeds the national average of 23.4%, the Women's Forum said.
"Diversity in the boardroom is good business," Cooper President and CEO Brad Hughes said. "Different backgrounds and perspectives brings about healthy debate on strategic opportunities and challenges. Further, board diversity helps Cooper be more representative of our customers and the world, which leads to our company being more reflective of the rapidly changing industry and consumer environment."
The Women's Forum will present the awards to Cooper and 322 other companies at its Breakfast of Corporate Champions on Nov. 7.
"We are proud to earn this recognition from the Women's Forum of New York and pleased to benefit from the diversity of our board," Mr. Hughes said.
The women on Cooper's board are 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.
Ms. Davis has been on the Cooper board since 2016; Ms. Dickson since 2018; and Ms. Joubert since 2017.
"On behalf of the Women's Forum of New York and our more than 500 members who have achieved at the highest levels in every professional sector, we salute Cooper for actively enhancing its boardroom diversity and increasing its percentage of woman-occupied board seats to 30 percent," said Janice Ellig, CEO of Ellig Group and chair and founder of the Breakfast of Corporate Champions.
The Women's Forum of New York is an invitation-only organization of more than 500 women representing the highest levels of achievement across all professional sectors and spheres of influence in the city.