Goodyear CEO Mark Stewart Steps Down
Goodyear Tire & Rubber ousted Chief Executive Officer, President, and board member Mark Stewart, effective immediately. The leadership change comes as the company advances an ongoing turnaround plan and pursues a national search for a permanent leader. Board member Roger Wood stepped in as interim chief executive and president. The departure follows the tire manufacturer reporting a third-quarter net loss of $238 million just days prior. Stewart had led the company since January 2024, when he assumed the top executive role.
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- ✓ Goodyear Tire & Rubber announced that Mark Stewart is stepping down as chief executive, president, and board member.
- ✓ Roger Wood, a Goodyear board member, was named interim CEO and president effective immediately.
- ✓ Mark Stewart took over leading Goodyear as CEO in January 2024.
- ✓ Goodyear announced a third-quarter net loss of $238 million five days before the leadership change.
What changed
Goodyear ousted Mark Stewart as chief executive and appointed board member Roger Wood to serve as interim CEO and president.
Live updates
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Goodyear CEO Mark Stewart Exits Amid Turnaround
Goodyear Tire & Rubber ousted Chief Executive Officer, President, and board member Mark Stewart, effective immediately. The leadership change comes as the company advances an ongoing turnaround plan and pursues a national search for a permanent leader. Board member Roger Wood stepped in as interim chief executive and president. The departure follows the tire manufacturer reporting a third-quarter net loss of $238 million just days prior. Stewart had led the company since January 2024, when he assumed the top executive role.
Why it matters
The departure of Mark Stewart highlights mounting boardroom pressure at Goodyear to accelerate performance improvements and address recent financial headwinds. The company is actively moving forward with a strategic review while managing its turnaround strategy under interim leadership. A national search is underway to find a permanent replacement for the chief executive post.
What is confirmed
- Goodyear Tire & Rubber announced that Mark Stewart is stepping down as chief executive, president, and board member.
- Roger Wood, a Goodyear board member, was named interim CEO and president effective immediately.
- Mark Stewart took over leading Goodyear as CEO in January 2024.
- Goodyear announced a third-quarter net loss of $238 million five days before the leadership change.
What to watch next
- Updates on the national search for a permanent chief executive officer
- Further announcements regarding Goodyear and its ongoing strategic review and turnaround plan
confidence 100%Sources used for this update (13)
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- WSJ — Goodyear CEO Mark Stewart Steps Down
- CNBC — Goodyear Tire CEO Mark Stewart steps down as company continues turnaround plan
- Crain's Cleveland Business — Goodyear ousts CEO Mark Stewart as board pushes ahead with strategic review
- Quartz — Goodyear replaces CEO Mark Stewart with interim chief Roger Wood
- Goodyear — Goodyear Provides Corporate Update
- www.ideastream.org — Goodyear Rubber and Tire ousts CEO, plans to begin national search
- www.cnbc.com — Goodyear Tire CEO Mark Stewart steps down - CNBC
- finance.yahoo.com — Goodyear CEO Mark Stewart steps down effective immediately as ...
- www.marketscreener.com — Goodyear Tire & Rubber Chief Executive Mark Stewart Steps ...
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