Roger Wood, a current member of Goodyear’s board of directors, has been appointed interim chief executive officer. He will lead the company while the board works with an executive search firm to find a permanent successor. Mark Stewart will step down as chief executive officer and president and from the company’s board of directors, effective immediately.
A special committee of the board, formed earlier this year, has been conducting a strategic review of the company’s businesses and operations, focused on identifying opportunities to strengthen performance and drive shareholder value.
“Goodyear has made meaningful progress in becoming a more efficient and focused company, and the board believes this is the right moment to transition leadership to accelerate that progress and capture additional opportunity,” said Goodyear board of directors chair Joe Hinrichs.
