Northville, Michigan, September 20, 2025
News Summary
Cooper Standard has appointed Dr. Soma Venkat as its new senior vice president and chief information technology and AI officer, effective September 15. This strategic appointment comes at a time when the company’s stock has increased significantly, exceeding expectations in its recent earnings report. With Venkat leading the AI strategy, Cooper Standard aims to enhance its technological capabilities and maintain a competitive edge in the automotive industry. Venkat brings extensive experience and a strong academic background to this critical role.
Northville, Michigan – Cooper Standard (NYSE:CPS) has appointed Soma Venkat, Ph.D., as the senior vice president and chief information technology and AI officer, effective September 15. Venkat’s new role will expand to lead the company’s artificial intelligence strategy, while also overseeing information technology operations. This strategic move comes as Cooper Standard is trading near its 52-week high of $40.67 and has seen a remarkable stock increase of over 180% in the past year.
In recent months, the company has demonstrated strong financial health, highlighting its solid momentum in the market. Venkat initially rejoined Cooper Standard in 2021 as the senior vice president and chief information technology officer. His extensive background includes serving as the chief information officer for IXS (Innovative Xcessories and Services) and a prior tenure from 2016 to 2020 at Cooper Standard, where he advanced to the position of global vice president of IT.
Cooper Standard’s stock had significant performance in its latest earnings report. The company exceeded expectations in its Q2 2025 earnings, posting an earnings per share (EPS) of $0.06, which contrasts sharply with an anticipated EPS of -$0.36. Additionally, revenues reached $706 million, slightly above the expected $701 million.
With a market capitalization of $690 million and annual revenue surpassing $2.7 billion, the company currently exhibits some overvaluation according to InvestingPro Fair Value metrics. However, Stifel has initiated coverage of Cooper Standard, issuing a Buy rating and establishing a price target of $39.00 based on a valuation of 6x estimated EBITDA for 2026. Currently, shares are valued at 6.2x estimated EBITDA of $239.5 million for 2025.
Cooper Standard Chairman and CEO Jeffrey Edwards has expressed enthusiasm about leveraging Venkat’s extensive experience to build upon the company’s AI initiatives. Venkat holds advanced degrees in Mathematics, Applied Mathematics, and Computational Mathematics, including a Ph.D. from the University of Windsor. Additionally, he is a Six Sigma Black Belt and possesses executive certificates from both the University of Chicago Booth School of Business and MIT Sloan School of Management.
This leadership change emphasizes Cooper Standard’s commitment to incorporating advanced technology into its operations. As the automotive industry increasingly integrates AI to enhance efficiency and production capabilities, the company aims to stay ahead of its competitors by capitalizing on Venkat’s expertise.
Frequently Asked Questions
Who has been appointed as the new Chief Information Technology and AI Officer at Cooper Standard?
Soma Venkat, Ph.D., has been appointed as the senior vice president and chief information technology and AI officer at Cooper Standard, effective September 15.
What is Cooper Standard’s recent stock performance?
Cooper Standard’s stock has surged over 180% in the past year and is currently trading near its 52-week high of $40.67.
What were Cooper Standard’s financial results for Q2 2025?
In its Q2 2025 earnings report, Cooper Standard posted an EPS of $0.06 compared to an anticipated EPS of -$0.36, with revenues of $706 million, slightly exceeding expectations of $701 million.
What is the market capitalization of Cooper Standard?
Cooper Standard has a market capitalization of $690 million and annual revenue exceeding $2.7 billion.
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Additional Resources
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- Wikipedia: Northville, Michigan
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- Encyclopedia Britannica: Michigan
- Detroit Free Press: Big Michigan Stocks
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Author: STAFF HERE NORTHVILLE WRITER
The NORTHVILLE STAFF WRITER represents the experienced team at HERENorthville.com, your go-to source for actionable local news and information in Northville, Wayne County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Summer Concert Series, Tunes on Tuesday, and the Northville Farmers Market. Our coverage extends to key organizations like the Northville Chamber of Commerce and Northville Community Foundation, plus leading businesses in automotive, software, and retail that power the local economy such as Gentherm, Reliable Software, and Attendance on Demand. As part of the broader HERE network, including HEREDetroitMI.com, HEREGrandRapids.com, HERENovi.com, and HEREPlymouth.com, we provide comprehensive, credible insights into Michigan's dynamic landscape.
