NOVI, Mich. (June 23, 2008) — Cooper-Standard Automotive Inc. plans to appoint Edward A. Hasler president and CEO, effective July 1.
The board of directors of Cooper-Standard Holdings Inc., parent company of Cooper-Standard Automotive, announced that Hasler, currently president and chief operating officer, will succeed James S. McElya as CEO. McElya will continue as executive chairman of the company.
Hasler has been president and chief operating officer, with responsibility for leading the global activities of Cooper-Standard's operating divisions, since September 2006. His responsibilities as chief operating officer were expanded in 2007 to include oversight of the company's human resources and information technology functions.
He previously served for three years as president of Cooper-Standard's Global Sealing Systems Division. He has more than 25 years of experience in leadership positions in the automotive industry, both in the U.S. and internationally.
As CEO, Hasler will lead the execution of Cooper-Standard's long-term strategy, assuming responsibility for all corporate and executive functions, while continuing to oversee the company's global operations.
McElya has been CEO of Cooper-Standard since 2004. He was appointed chairman of the company in 2006. Prior to his appointment as CEO, McElya served for four years as president of Cooper-Standard, which was then part of Cooper Tire & Rubber Co. He has more than 33 years of experience in the automotive industry.
As executive chairman, McElya will focus on the alignment of the company's investments and initiatives with its long-term strategy, interfacing with the board of directors and fostering relationships with the company's customers and financial stakeholders.