Cooper-Standard names CEO
DETROIT -- Cooper-Standard Holdings Inc. has hired Jeffrey Edwards, a Johnson Controls Inc. executive, as CEO.
Edwards succeeds James McElya, 64, effective Oct. 15. Edwards, 50, was group vice president of Johnson Controls' automotive group in Asia.
McElya led Cooper-Standard, a supplier of sealing and fluid systems, through restructuring after the company filed for Chapter 11 bankruptcy protection in August 2009.
The company emerged from bankruptcy in May 2010 after McElya and his team cut $650 million in debt.
Cooper-Standard reported net income of $320.3 million in 2011 on revenue of $2.4 billion.