Goodyear names Stellantis exec Mark Stewart as CEO

The Goodyear Tire & Rubber Company has named Mark Stewart as its new chief executive officer and president, effective 29th January, 2024.

He was elected to the position by Goodyear’s board and will succeed Richard J. Kramer, who previously announced his planned retirement from the company following 24 years of service, including 14 as chairman, CEO and president.

Stewart joins Goodyear from automotive manufacturing group Stellantis, where he served as chief operating officer of North America.

Another previous role of note was executive vice president and COO for ZF TRW Automotive between 2015 and 2017.

Commenting on his new role as CEO and president of Goodyear, Stewart said: “I am honoured and humbled to join Goodyear at such a pivotal time in its history.

“I have deep respect and admiration for everything [Kramer] and the Goodyear team have accomplished together.

“Goodyear is an iconic company with an unmatched brand, industry-leading innovation and significant opportunity for growth.

“I am confident that Goodyear Forward is the right strategy to unlock the company’s full potential in its next chapter.

“I look forward to working alongside the talented team around the globe as we drive sustainable and substantial value together.”