#USA #Akron #Goodyear Tire #Roger Wood #Mark Stewart

Goodyear Tire & Rubber Company Corporate Update

On November 9, 2026, Goodyear Tire & Rubber Company (NASDAQ: GT) made a significant announcement regarding its leadership. Roger Wood, a member of the board of directors, has been appointed as the interim chief executive officer (CEO) of the company. This transition comes as Mark Stewart steps down from his role as CEO, president, and board member.

Strategic Leadership Transition

Roger Wood's appointment is notably timely as Goodyear embarks on a critical phase of its operational strategy. The board has initiated a comprehensive search for a permanent CEO, enlisting the expertise of a leading executive search firm to identify a suitable successor. The board chair, Joe Hinrichs, expressed confidence in Wood's capabilities, citing his extensive experience in the automotive industry and strong operational expertise. Hinrichs emphasized that this change aims to build momentum for Goodyear's transformation journey while continuing to strengthen shareholder value.

The board had established a special committee earlier this year to conduct an in-depth review of the company’s business practices. This assessment targets the identification of opportunities for performance enhancement and strategic growth. The ongoing work seeks to optimize Goodyear's business mix, improve operational efficiency, and invest in innovative products that cater to long-term growth objectives.

Roger Wood: The New Interim CEO

Roger Wood brings over thirty years of leadership experience in both the automotive and manufacturing sectors. Before joining Goodyear's board in 2023, he served as co-CEO of Tenneco Inc., a global leader in automotive design and manufacturing. His tenure at Tenneco equipped him with valuable insights into the challenges and opportunities within the automotive marketplace.

As Wood steps into his new role, he outlined his immediate priorities, focusing on supporting Goodyear's workforce and customers, enhancing operational execution, and continuing the momentum of transformation already in progress. He expressed his commitment to engaging closely with the board and the Enterprise Transformation Office to ensure effective strategic reviews and actions that would bolster Goodyear's performance in the long run.

Financial Leadership Changes

Parallel to the leadership updates, Goodyear also announced a new appointment in its financial department. Jerome Rouquet will step in as executive vice president and chief financial officer, effective December 1, 2026. This strategic addition follows the decision of interim CFO Scott Deakin to facilitate a smooth transition in financial leadership. Rouquet's previous experience at prominent firms like Visteon Corporation and Tenneco positions him as an ideal candidate to oversee Goodyear's financial strategies moving forward.

Potential for Future Growth

The Goodyear Tire & Rubber Company has long been recognized as one of the industry leaders in tire manufacturing, employing approximately 60,000 professionals across 46 facilities in 19 countries. The firm is committed to innovation, supported by its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg. These facilities strive to develop cutting-edge products and services that set industry standards for technology and performance.

The board is dedicated to ongoing assessments and is expected to provide updates as their evaluations unfold and as they drive toward stronger business performance and long-term success for Goodyear. In light of these leadership and strategic changes, the company aims to position itself effectively to meet the challenges of the modern automotive landscape and leverage its rich brand heritage to foster future growth opportunities.

For further information about Goodyear and its products, visit www.goodyear.com/corporate.