GOODYEAR TIRE & RUBBER CO /OH/ (GT) Form 8-K — Nov 9, 2026
Goodyear abruptly replaced CEO and President Mark Stewart, effective November 8, 2026, with board director Roger Wood serving as interim CEO while a search for a permanent successor is conducted. Stewart's exit is a termination 'other than for Cause' under the company's executive severance plan, and he also resigned from the board. Wood, a Goodyear director since 2023 and former co-CEO of Tenneco, will receive $310,000 per month plus a $1,000,000 monthly RSU grant for up to five months. Chair Joe Hinrichs said the board believes this is the right moment to transition leadership to accelerate the company's transformation.
Key figures
- Countries
- 19
- Employees
- 60000
- Manufacturing facilities
- 46
- Interim tenure cap months
- 5
- Interim ceo monthly salary usd
- 310000
- Interim ceo monthly rsu grant value usd
- 1000000
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.