Ryan Patterson, the man tasked with combining the legacy Cooper Tire & Rubber Co. business into Goodyear Tire & Rubber Co., has left the company. And now John Bodart, a Cooper veteran and vice president of business integration at Goodyear, will lead the “integration workstreams.”
According to a filing with the U.S. Securities and Exchange Commission, Patterson’s last day with Goodyear was Oct. 31.
He had most recently served as chief operating officer and integration officer.
Early in his career, Bodart managed Cooper’s Texarkana, Ark., manufacturing facility and later was promoted to vice president of manufacturing operations for all of Cooper’s North American facilities.
Goodyear says the continued execution of the integration activities “will be driven within the Americas business, where we are on track to realize our previously announced synergies by mid-2023.
“Our progress has reinforced our optimism about the growth opportunities a fully combined Goodyear and Cooper company will offer our customers.”
Goodyear finalized its $2.5 billion acquisition of Cooper in June 2021 and at the time said it expected to capture $165 million in “run-rate cost synergies.” Since then, the company has upgraded the total of those synergies, and said they're likely to total $250 million by the middle of 2023.
