Goodyear Tire & Rubber has announced that board member Roger Wood will step into the role of interim chief executive officer and president, succeeding Mark Stewart as the company continues its ongoing turnaround plan.
Wood, who has served on Goodyear’s board, will take over the day‑to‑day leadership of the tire manufacturer, which has been working to improve profitability and streamline operations in recent years.
Mark Stewart, the outgoing CEO, had led the company through a period of restructuring aimed at boosting margins and restoring shareholder confidence.
Goodyear has not yet detailed the length of Wood’s interim appointment or the next steps in its executive succession plan.
<small>Source: CNBC — read the original story there.</small>