FOR IMMEDIATE RELEASE
GLOBAL
HEADQUARTERS: 200 INNOVATION WAY,
AKRON, OHIO 44316-0001
MEDIA WEBSITE:
WWW.GOODYEARNEWSROOM.COM
MEDIA CONTACT:
DOUG GRASSIAN
330.796.3855
DOUG_GRASSIAN@GOODYEAR.COM
ANALYST CONTACT:
CHRISTIAN GADZINSKI
330.796.2750
CHRISTIAN_GADZINSKI@GOODYEAR.COM |
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NEWS RELEASE
GOODYEAR ANNOUNCES SENIOR LEADERSHIP TRANSITION: MARK STEWART TO SUCCEED RICH KRAMER
AS CEO Kramer to Retire as Chairman, CEO and President
Laurette Koellner, Independent Lead Director, Named Board Chair
AKRON, Ohio, January 18, 2024 The Goodyear Tire & Rubber
Company (NASDAQ: GT) today announced that Mark Stewart has been elected Chief Executive Officer and President, effective January 29, 2024. He will succeed Richard J. Kramer, who previously announced his planned retirement from the company
following 24 years of service, including 14 as Chairman, CEO and President. On the effective date, Laurette T. Koellner, Independent Lead Director of Goodyears Board since 2019, will become non-executive
Board Chair, and Stewart will be added to the Goodyear Board as a director. Stewart
joins Goodyear from Stellantis, a leading global automaker and provider of innovative mobility solutions, where he served as Chief Operating Officer (COO) of North America and a member of the Group Executive Council, leading a business unit with
more than 88,000 employees and more than $90 billion in revenue. During his tenure, Stewart led the regions EV transformation, introducing the first electrified Jeep in the U.S. market, which remains the number one selling plug-in hybrid EV for three years running. Under his leadership, the region enjoyed significant, industry-leading increases in both margin and cash flow, despite the semiconductor shortage and a hyper-competitive
U.S. market. Previously, Stewart served as vice president, Customer Fulfillment, at
Amazon, serving as the lead executive for customer fulfillment across 200 operations facilities in North America, leading operations, procurement, construction and engineering and teams dedicated to pursuing automation, artificial intelligence,
advanced robotics and conveyance. Prior to Amazon, Stewart was executive vice
president and COO for ZF TRW Automotive, a role culminating from over two decades of increasing responsibility, starting with plant, production and quality management roles and advancing to lead Tower Automotives Western Europe business as
executive vice president, TRWs North America Passenger Car and Commercial Global Steering business as vice president and general manager and TRWs Asia Pacific business as vice president. Over the course of his career, Stewart has
overseen diverse manufacturing and fulfillment operations across the globe, and has been based in the U.S., Belgium, Germany and China.
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