Akron-based Goodyear Tire & Rubber Company announced a sudden change at the top on Monday morning, naming board member Roger Wood as interim chief executive officer effective immediately as Mark Stewart steps down as CEO and president and from the company’s board of directors.
The change was announced at 7:30 a.m. Monday in a corporate update from Goodyear via PR Newswire. Wood, who has served on Goodyear’s board since 2023, will lead the Akron-headquartered tire maker while the board conducts a search for a permanent successor with a leading executive search firm, the company said in its announcement via PR Newswire. Wood is also stepping down as chair of the board’s human capital and compensation committee in connection with the appointment.
“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,” board chair Joe Hinrichs said in Goodyear’s announcement via PR Newswire. “Roger brings extensive automotive and industrial CEO experience, deep operational expertise and strong relationships across OEMs and aftermarket customers. He knows Goodyear, understands the opportunities ahead and has the board’s full confidence,” Hinrichs said in the announcement via PR Newswire, adding, “We thank Mark for his contributions to Goodyear.”…