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Cooper Announces Retirement

11 November 1998

Cooper Announces Retirement of Executive Vice President and Chief Financial Officer J. Alec Reinhardt

    FINDLAY, Ohio--Nov. 11, 1998--COOPER TIRE & RUBBER COMPANY today announced that J. Alec Reinhardt, executive vice president, chief financial officer and director, has indicated his intention to take early retirement effective in February, 1999.
    Patrick W. Rooney, chairman and chief executive officer, said the company is reviewing internal and external candidates and expects to fill the position in time to effect a smooth transition of duties.
    Rooney commented, "Alec Reinhardt has been a key leader at Cooper for more than two decades. He has done an outstanding job and has made a valuable contribution throughout his career with the company. Even though we have accepted his retirement request, we are sorry to see him leave. We wish him well as he begins a new stage in life, but will certainly miss his knowledge, leadership and guidance."
    Reinhardt, 56, joined the company in 1976 serving as general counsel through 1983 and as chief financial officer and a director since 1983. In addition, he was elected executive vice president of the company in 1991. In that capacity his responsibilities have included oversight of the Cooper engineered products operations and the treasury, accounting, personnel, purchasing and information systems functions. Reinhardt, who is the longest serving current member of Cooper's board of directors stated that he takes immense pride in having participated in the seven-fold growth of Cooper during his tenure and the company's rise to national and international prominence.
    Reinhardt is a graduate of the University of Cincinnati with a B.S.E.E. degree and has earned M.B.A. and J.D. degrees from the Ohio State University. He is a trustee of the Blanchard Valley Health Association and a director of the Fifth Third Bank of Northwestern Ohio, N.A.
    Founded in 1914, Cooper Tire & Rubber Company is a leading manufacturer of tires and engineered rubber products. For more information on the company, visit the company's web site at www.coopertire.com.