Goodyear's European president resigns

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Mike Roney, president of Goodyear Tire & Rubber Co.'s European Union Tire segment, has resigned to accept the position of CEO for Bunzl plc, a London-based distributor.

Goodyear says Roney's successor will be announced in the next two


Goodyear reported net income of $69 million on record sales of $5 billion for the second quarter ended June 30, 2005. Segment operating income totaled $316 million. Overall tire unit volume was 56.4 million.

Goodyear's European Union Tire segment recorded segment operating income of $85 million on sales of $1.17 billion (a second-quarter record) for the recently ended quarter. It sold 15.9 million tires.

Bunzl has annual sales of approximately $4.3 billion.

Goodyear's stock on the New York Stock Exchange closed at $16.70 on Sept. 1. That compares to a 52-week high and low of $18.59 and $9.15, respectively.

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