NOVI, Mich.—Cooper Standard Automotive Inc. plans to downsize its European manufacturing footprint and shuffled the roles of two executive staff members.
Cooper Standard Holdings Inc., Cooper Standard's parent company, said the restructuring effort is to improve its European capability by removing excess capacity, improving cost structure and shifting some production to its Eastern European facilities.
The firm still is evaluating how many employees and what facilities will be affected by the move.
Cooper Standard also reassigned Allen J. Campbell to a newly created position of executive vice president, chief infrastructure officer.
Matthew W. Hardt will fill Campbell's prior position of executive vice president, chief financial officer.
“Given our forecasted growth, especially in Asia, it is important to have the appropriate infrastructure in place to support our global business,” Chairman and CEO Jeffrey Edwards said in a statement.
“Allen's expertise with Cooper Standard business systems, experience leading the global IT organization and knowledge gained from his considerable Asia experience throughout his career make him the ideal candidate to lead this effort.”