Goodyear hires Schmitz as executive vice president and CFO

Aug. 7, 2007

Goodyear Tire & Rubber Co. has appointed W. Mark Schmitz executive vice president and chief financial officer, effective immediately.

Schmitz succeeds Richard Kramer, who in March was named to the additional post of president of Goodyear's North American Tire (NAT) business unit.

Prior to joining Goodyear, Schmitz, 56, was vice president and CFO for Tyco International Ltd.'s Fire and Security Segment, where he had been since 2003. Schmitz, however, spent the majority of his career with General Motors Corp.

"In Mark, we found an individual with a successful track record who is intimately familiar with the automotive industry and who has considerable international experience," says Robert Keegan, Goodyear chairman, CEO and president.

Schmitz began his career with GM in the late 1970s, where he rose to executive assistant to the president and CEO in Detroit. In 1994, he was assigned to General Motors do Brasil and ultimately was director of finance for Mercosul operations and president of GM do Brasil's finance subsidiary.

From 1999 to 2001, he served as vice president and CFO of GM's DirectTV Latin America.

From 2001 to 2003, Schmitz served as vice president and chief financial officer for Plug Power Inc.

At Tyco International, Schmitz was part of a leadership team brought in to turn around the Fire and Security business unit, a $12 billion business with eight divisions worldwide. During his tenure, the leadership team implemented new business models and financial controls that underpinned the successful turnaround and the establishment of a solid control environment at Tyco's largest business unit.