Goodyear Tire CEO Mark Stewart steps down as company continues turnaround plan
Goodyear Tire has removed Mark Stewart as CEO while continuing its turnaround plan. Board member Mark Wrobel has been named interim CEO. Stewart previously worked at Stellantis before joining Goodyear. The company issued a corporate update following the exit. Shares fell 7% after the abrupt departure was reported. Sources describe the move as an ouster rather than a voluntary resignation. The turnaround plan remains in effect under new leadership.
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- ✓ Mark Stewart stepped down as CEO of Goodyear Tire.
- ✓ Goodyear named Mark Wrobel as interim CEO.
- ✓ Goodyear issued a corporate update following the CEO change.
- ✓ Goodyear stock fell 7% after news of Stewart's abrupt exit.
What changed
Goodyear announced Mark Stewart is no longer CEO and appointed board member Mark Wrobel as interim chief executive.
Live updates
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Goodyear Steps Down CEO Mark Stewart Amid Turnaround Plan
Goodyear Tire has removed Mark Stewart as CEO while continuing its turnaround plan. Board member Mark Wrobel has been named interim CEO. Stewart previously worked at Stellantis before joining Goodyear. The company issued a corporate update following the exit. Shares fell 7% after the abrupt departure was reported. Sources describe the move as an ouster rather than a voluntary resignation. The turnaround plan remains in effect under new leadership.
Why it matters
Mark Stewart joined Goodyear after a career at Stellantis, bringing automotive industry experience to the tiremaker. The company has been executing a turnaround plan intended to improve profitability and operational performance. Leadership changes during a restructuring often signal dissatisfaction with pace or results. Investors reacted negatively, sending the stock lower on news of the sudden exit. The board's choice of an internal director as interim chief suggests an intent to maintain continuity while searching for a permanent replacement.
What is confirmed
- Mark Stewart stepped down as CEO of Goodyear Tire.
- Goodyear named Mark Wrobel as interim CEO.
- Goodyear issued a corporate update following the CEO change.
- Goodyear stock fell 7% after news of Stewart's abrupt exit.
Still unconfirmed
- Stewart was ousted rather than resigning voluntarily.
- The turnaround plan is failing or will be revised under new leadership.
What to watch next
- Appointment of a permanent CEO to replace Mark Stewart
- Updates to Goodyear's turnaround plan under interim CEO Mark Wrobel
- Further stock movement following the leadership transition
confidence 92%Sources used for this update (9)
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