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NORTHVILLE, Mich. - Cooper Standard (NYSE:CPS), whose stock has surged over 180% in the past year and is currently trading near its 52-week high of $40.67, has appointed Soma Venkat, Ph.D., to the position of senior vice president and chief information technology and AI officer, effective September 15, according to a company press release.
In his expanded role, Venkat will lead Cooper Standard’s artificial intelligence strategy while continuing to oversee the company’s information technology operations. Based at the company’s world headquarters in Northville, Michigan, he will focus on accelerating AI initiatives across the enterprise. According to InvestingPro data, the company maintains a solid financial health score, with particularly strong momentum in recent months.
Venkat, who rejoined Cooper Standard in 2021 as senior vice president and chief information technology officer, previously served as chief information officer for IXS (Innovative Xcessories and Services). From 2016 to 2020, he held various positions at Cooper Standard, eventually becoming global vice president of IT.
"We are excited to build on the success of Cooper Standard’s AI activities," said Jeffrey Edwards, chairman and CEO of Cooper Standard. "Soma’s extensive background will be invaluable as we move our AI strategy forward."
Venkat holds a Bachelor of Science in Mathematics from the University of Madras, a Master of Applied Science in Applied Mathematics from The College of Engineering, Guindy, and both a Master of Science and Ph.D. in Computational Mathematics from the University of Windsor. He is a Six Sigma Black Belt and has completed executive certificates from the University of Chicago Booth School of Business and MIT Sloan School of Management.
Cooper Standard is a global supplier of sealing and fluid handling systems with approximately 22,000 team members and operations in 20 countries. The company, with a market capitalization of $690 million and annual revenue exceeding $2.7 billion, currently appears overvalued according to InvestingPro Fair Value metrics. For deeper insights into Cooper Standard’s financial health and growth potential, including 12 additional ProTips and comprehensive valuation analysis, investors can access the full Pro Research Report on InvestingPro.
In other recent news, Cooper Standard reported its Q2 2025 earnings, significantly exceeding expectations. The company posted an earnings per share (EPS) of $0.06, compared to the anticipated EPS of -$0.36. Cooper Standard’s revenues also slightly surpassed forecasts, coming in at $706 million against the expected $701 million. In a separate development, Stifel initiated coverage of Cooper-Standard Holdings with a Buy rating. Analyst Nathan Janes from Stifel set a price target of $39.00 for the company. This rating is based on a valuation of 6x Stifel’s 2026 estimated EBITDA for Cooper Standard. Currently, the shares are valued at 6.2x the firm’s 2025 estimated EBITDA of $239.5 million. These recent developments highlight the company’s strong financial performance and positive analyst outlook.
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