Roger Wood takes over as interim chief executive as Goodyear reviews its operations and business portfolio following weaker third-quarter financial results.
Goodyear has announced the departure of chief executive and president Mark Stewart, appointing board director Roger Wood as interim CEO while the tyre manufacturer continues a strategic review of its operations and business portfolio.
The leadership change was announced on 9 November 2026. According to Goodyear's Form 8-K filing, Wood's appointment took effect on 8 November. Stewart has also stepped down from the company's board of directors, ending a tenure that began in 2024.
Wood will lead the business while Goodyear's board conducts a search for a permanent chief executive, supported by an external executive search firm.
The announcement comes as the US tyre manufacturer evaluates opportunities to improve operating performance, increase efficiency and strengthen its financial position following another challenging quarter.
Goodyear confirmed that a special board committee established earlier in 2026 is continuing its assessment of the company's businesses and operations.
The review covers potential changes to Goodyear's business mix and operating footprint, opportunities to improve efficiency and investment in new products and capabilities intended to support long-term growth.
The board is working alongside the company's Enterprise Transformation Office to evaluate possible strategic and operational initiatives.
Board chairman Joe Hinrichs indicated that the leadership transition offered an opportunity to accelerate improvements in efficiency and operational focus.
The strategic assessment builds on Goodyear's existing transformation activities, including its Goodyear Forward programme, but is not limited to previously announced initiatives.
The company has not identified specific manufacturing facilities for closure or confirmed additional disposals as part of the latest announcement.
The leadership transition follows Goodyear's third-quarter financial results, published on 4 November, which showed continued pressure on sales volumes and profitability.
Goodyear reported quarterly net sales of approximately $4.54 billion, down 2.3% year on year, while global tyre volumes declined 3.3% to 38.6 million units.
The company recorded a reported net loss attributable to Goodyear of $238 million and an adjusted net loss of $31 million. Segment operating income reached $174 million, compared with $287 million a year earlier.
Although organic net sales increased 1.6% year on year, management acknowledged that overall financial performance remained below expectations.
Europe, the Middle East and Africa (EMEA) continued to present challenges.
Regional tyre volumes fell 6.7% year on year, with replacement volumes declining 11.3%. Original equipment volumes increased 5.5%.
EMEA segment operating income fell from $30 million to $12 million. Excluding the impact of the Dunlop brand disposal, Goodyear reported a $5 million improvement in regional segment operating income.
These figures highlight the operating challenges facing the business, particularly in replacement tyre markets. However, Goodyear has not attributed Stewart's departure directly to its financial performance.
Wood has served on Goodyear's board since July 2023 and has extensive experience across automotive manufacturing and industrial operations.
He previously served as co-chief executive of automotive supplier Tenneco and as president and chief executive of Dana Holding Corporation. Earlier in his career, he spent 26 years at BorgWarner.
His appointment coincides with a separately announced change in Goodyear's financial leadership.
As previously reported by Tyre News Media, Jerome Rouquet is scheduled to become executive vice-president and chief financial officer on 1 December 2026.
Rouquet, currently CFO at Visteon, will succeed interim finance chief Scott Deakin. His appointment was announced before the latest chief executive transition and should be viewed as a separate leadership development.
Goodyear's immediate priorities include appointing a permanent chief executive and determining which proposals arising from its strategic review should be implemented.
For the tyre industry, the review's potential implications for manufacturing capacity, product investment and regional operations will be important areas to monitor.
However, Goodyear has not announced specific new restructuring decisions or identified changes to individual European manufacturing facilities as part of the latest update.
The company said further information would be provided if and when the board determines that additional disclosure is appropriate or required.
The leadership change therefore comes at an important stage in Goodyear's ongoing transformation, with its longer-term operational priorities still under consideration.
Tags: Goodyear, Mark Stewart, Roger Wood, Goodyear CEO, Goodyear strategic review, Goodyear financial results, Goodyear Q3 2026, tyre manufacturing, Goodyear Forward, Jerome Rouquet
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