Goodyear CEO Mark Stewart Steps Down, Roger Wood Named Interim Chief
Goodyear has ousted chief executive officer Mark Stewart, appointing a board member to serve as interim chief as the company moves forward with a strategic review and turnaround plan. The abrupt departure of the former Stellantis executive coincides with third-quarter financial losses and follows a sharp drop in Goodyear stock shares. Market reaction was immediate, with company stock falling 7% following the announcement. The corporate shakeup places the tire manufacturer under new interim leadership while the board evaluates ongoing operational and strategic alternatives.
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- ✓ Goodyear ousted CEO Mark Stewart.
- ✓ A board member was named interim CEO.
- ✓ Goodyear stock fell 7% as CEO Mark Stewart exited abruptly.
- ✓ Mark Stewart is a former Stellantis executive.
What changed
Goodyear ousted Mark Stewart as CEO and named a board member as interim chief.
Live updates
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Goodyear Ousts CEO Mark Stewart and Appoints Interim Chief
Goodyear has ousted chief executive officer Mark Stewart, appointing a board member to serve as interim chief as the company moves forward with a strategic review and turnaround plan. The abrupt departure of the former Stellantis executive coincides with third-quarter financial losses and follows a sharp drop in Goodyear stock shares. Market reaction was immediate, with company stock falling 7% following the announcement. The corporate shakeup places the tire manufacturer under new interim leadership while the board evaluates ongoing operational and strategic alternatives.
Why it matters
Mark Stewart took leadership at Goodyear after serving as an executive at Stellantis, stepping into a company heavily focused on long-term turnaround strategies. The sudden management change occurs while the company navigates ongoing financial pressures, highlighted by recent third-quarter losses. The board of directors is maintaining a hands-on approach by executing leadership changes and driving a broader strategic review.
What is confirmed
- Goodyear ousted CEO Mark Stewart.
- A board member was named interim CEO.
- Goodyear stock fell 7% as CEO Mark Stewart exited abruptly.
- Mark Stewart is a former Stellantis executive.
- The company continues a turnaround plan and strategic review amid third-quarter losses.
What to watch next
- Further announcements regarding the ongoing strategic review by the board
- Updates on the search for a permanent chief executive officer
- Subsequent financial performance reports following third-quarter losses
confidence 100%Sources used for this update (10)
- www.wkyc.com — At least 30 killed in crash between 2 trains in Spain, according to media reports
- 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
- Goodyear — Goodyear Provides Corporate Update
- Akron Beacon Journal — Goodyear ousts Mark Stewart as CEO, names board member interim CEO
- Yahoo Finance — Goodyear Tire stock falls 7% as CEO Mark Stewart exits abruptly
- Crain's Detroit — Goodyear ousts former Stellantis exec Mark Stewart as CEO
- Signal Akron — Goodyear fires CEO amid third-quarter losses
- www.actionnewsjax.com — Taylor Stewart, Action News Jax
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