Goodyear chief executive Stewart steps down, Wood named interim

Goodyear Tire & Rubber said on November 9 that Mark Stewart will step down as chief executive officer and president and from the board of directors effective immediately, and that director Roger Wood has been appointed interim chief executive while the board conducts a search for a permanent successor with an executive search firm. Wood, on the board since 2023 and previously co-chief executive of Tenneco, is stepping down as chair of the board’s human capital and compensation committee.

The change lands mid-review: a special committee of the board formed earlier this year has been conducting a strategic assessment, and the company said it is evaluating options including optimizing its business mix and footprint and improving efficiency, with no further updates promised until the board decides disclosure is appropriate. The leadership reset extends to finance, where Jerome Rouquet joins as chief financial officer on December 1, succeeding interim CFO Scott Deakin. Goodyear shares fell about 7 percent on Monday morning, according to Investing.com.