Cooper Standard Promotes Alison Nudd to Vice President and Chief Accounting Officer
Cooper Standard, a leading supplier in sealing and fluid handling systems and components, has announced the promotion of Alison Nudd to Vice President and Chief Accounting Officer. The appointment will be effective from March 1, 2024, as she takes over from Amy Kulikowski, who is departing the company.
In her new role, Nudd will be responsible for the accounting function, financial reporting including SEC reporting, financial systems, and global business services. She will report directly to Jonathan Banas, the Executive Vice President and Chief Financial Officer at Cooper Standard.
Nudd brings a wealth of experience to her new position. Previously serving as vice president of global internal audit and compliance, she successfully led the company’s internal audit and compliance activities. She also spearheaded the Sarbanes-Oxley program and enterprise risk management initiatives. Nudd has a strong professional background, having held roles at Owens Corning and Mohawk Industries, where she focused on financial planning and analysis, as well as external reporting. Her career began at GE Capital before she joined Cooper Standard in 2020.
Alison Nudd holds a BBA in accounting from Georgia State University. She is a certified public accountant (CPA) and a member of the American Institute of CPAs. Her expertise and industry knowledge make her well-suited for her new leadership role at Cooper Standard.
Cooper Standard operates in 21 countries and employs approximately 23,000 people. The company is renowned for its materials science, manufacturing expertise, and engineered solutions that cater to the transportation and industrial markets.
Despite its strong reputation, Cooper Standard faces challenges in the form of a significant debt load and cash burn. This has contributed to financial volatility and a negative P/E ratio of -1.34, indicating concerns about the company’s profitability. Nevertheless, the company has shown resilience, with a market capitalization of $314.71 million and a revenue growth of 12.68% over the last twelve months up to Q3 2023. The company’s gross profit margin stands at 10.04%.
The promotion of Alison Nudd to Vice President and Chief Accounting Officer demonstrates Cooper Standard’s commitment to strengthening its financial operations and positioning itself for future success.
Analyst comment
Positive news.
As an analyst, I predict that with Alison Nudd’s promotion, Cooper Standard will enhance its financial operations and improve profitability. The company’s market capitalization and revenue growth suggest its resilience, despite challenges. The appointment reflects a strategic move for future success.
