Goodyear appoints Roger Wood interim CEO; shares down
GT•Goodyear named Roger Wood interim CEO after Mark Stewart stepped down as CEO, president and board member, effective immediately. Shares fell 6% in premarket trading to $4.10 as the board searches for a permanent successor and evaluates strategic and operational initiatives.
1. Leadership change
Goodyear appointed Roger Wood interim CEO. Wood has served on the company’s board since 2023, while Mark Stewart stepped down as CEO, president and board member, effective immediately. The board is searching for a permanent successor and evaluating strategic and operational initiatives, including further optimizing its business mix and footprint.
2. Strategic review
Board Chair Joe Hinrichs said the board formed a special committee earlier this year to conduct a strategic review aimed at strengthening performance and creating shareholder value. Goodyear shares were down about 50% year to date as of the last close.
