Goodyear announced that CEO Mark Stewart is stepping down immediately after less than a year in the role, with board member Roger Wood appointed as interim CEO and president. The leadership change occurs as Goodyear faces ongoing challenges including tariffs, rising raw material costs, and competition from China, alongside disappointing financial results such as a 2.3% drop in net sales and a $31 million adjusted net loss in Q3. The company is continuing a strategic review to improve efficiency, optimize its business, and invest in growth opportunities. A search for a permanent CEO will begin as part of this process.
Goodyear Tire & Rubber Co (GT) trades at USD 4.29 on Pluang, down 1.61% as of Nov 09, 2026 21:41 WIB, close to its 52-week low of USD 4.15. The company’s market cap stands at $1.26 billion with a high trading volume of over 13 million shares. This price movement comes amid ongoing leadership changes and strategic challenges reported in the news.
Goodyear has appointed Roger Wood, a board member with extensive automotive experience, as interim CEO following Mark Stewart's immediate departure. The board is conducting a strategic review to enhance performance and shareholder value, working with...
Goodyear reported a net loss of $238 million in Q3 2026, improving from a $2.2 billion loss a year ago, despite a 2.3% decline in net sales to $4.5 billion. Tire volumes fell 3.3% due to replacement market weakness, though original equipment volumes ...
