Goodyear Names Interim CEO
Key Highlights
- Roger Wood, a Goodyear director since 2023 and former Tenneco co-CEO, will lead the company while the board searches for a permanent CEO.
- Mark Stewart has stepped down as CEO and president and is no longer a member of Goodyear’s board.
- Goodyear recently reported a third-quarter adjusted net loss of $31 million, compared with adjusted net income of $82 million a year earlier.
Goodyear Tire & Rubber Co. has announced that Roger Wood will take the top leadership role as interim chief executive officer, stating that Mark Stewart has stepped down as CEO and president and is no longer on the board.
Wood, a current member of Goodyear's board, "will lead the company while the board conducts a search for a permanent successor with a leading executive search firm," according to Goodyear officials.
The company says a special committee of the board "has been conducting a strategic review of the company's businesses and operations focused on identifying opportunities to strengthen performance and drive shareholder value." Goodyear officials say the tiremaker is evaluating "a broad range of strategic and operational initiatives, including further optimizing the company's business mix and footprint, improving efficiency and investing in new products and capabilities that support long-term growth."
"The company does not intend to provide further updates unless and until the board determines that additional disclosure is appropriate or required."
The news comes as the company recently posted an adjusted net loss of $31 million during the third quarter versus adjusted net income of $82 million during the same period in 2025.
The Akron, Ohio-based tiremaker also reported segment operating income of $174 million during the third quarter of 2026, down from $287 million one year ago. After adjusting for the sales of its chemical business and the Dunlop brand, Goodyear's segment operating income decreased $57 million.
"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," says Joe Hinrichs, Goodyear Board of Directors Chair.
"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 to bring heightened focus and urgency to execution while we conduct a thorough search for a permanent CEO. We thank Mark for his contributions to Goodyear."
Wood, who has served on Goodyear's board since 2023, has over three decades of leadership experience in the automotive and manufacturing industries. He previously served as co-chief executive officer of Tenneco Inc., a global automotive designer, manufacturer and distributor providing clean air, powertrain and ride performance systems for original equipment and aftermarket customers. He also serves on the boards of PHINIA Incorporated and Brunswick Corporation.
With his recent appointment as Goodyear's CEO, Wood is stepping down from his position as chair of the board's human capital and compensation committee.
"Goodyear has iconic brands, talented people and significant opportunities to improve performance and deliver long-term value," says Wood. "As I step into this role, my immediate priorities are to support our associates and customers, sharpen execution and build on the work already underway to advance Goodyear's transformation.
"I look forward to working closely with the board, leadership team and the Enterprise Transformation Office to advance the strategic review and translate that work into actions that strengthen performance and position Goodyear for long-term success."
The tiremaker also recently named Jerome Rouquet as executive vice president and chief financial officer, effective December 1. Rouquet, who currently serves as chief financial officer of Visteon Corporation and previously held senior finance leadership roles at Tenneco and Federal-Mogul, will succeed interim Chief Financial Officer Scott Deakin, who "will support a seamless leadership transition."
