Goodyear Tire & Rubber Company CEO and President Mark Stewart has stepped down with immediate effect, ending his tenure at the American tire manufacturer as the company pursues a broader strategic and operational restructuring.
The company announced Monday that Roger Wood, a member of its board of directors since July 2023, would take over as interim CEO and president. The board will conduct a comprehensive search for Stewart’s permanent successor.
Stewart has also resigned from Goodyear’s board of directors. The company did not disclose a specific reason for his departure. According to Goodyear’s announcement, the leadership transition is intended to accelerate the company’s efforts to improve operational efficiency, sharpen its business focus and strengthen long-term shareholder value.
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Joe Hinrichs, chairman of Goodyear’s board, said the company had made progress toward becoming more efficient and focused, adding that the board believed the leadership change was the right step to accelerate that work.
“Roger brings extensive automotive and industrial CEO experience, deep operational expertise and strong relationships across OEMs and aftermarket customers,” Hinrichs said.
Who is Roger Wood, Goodyear’s interim CEO?
Wood brings more than three decades of experience in the automotive and manufacturing industries. He previously served as co-CEO of Tenneco Inc. from 2018 to 2020 and as president and CEO of Dana Holding Corporation from 2011 to 2015.
Before joining Dana, Wood spent 26 years at BorgWarner, where he held several leadership positions, including executive vice president and group president of its Engine group.
Goodyear said Wood would work with the board, senior leadership team and its Enterprise Transformation Office to advance the company’s strategic review.
Goodyear faces financial and operational challenges
The leadership change comes as Goodyear works to improve its financial performance amid challenging market conditions.
According to the company’s third-quarter 2026 results, released Nov. 4, Goodyear reported net sales of $4.5 billion, down 2.3% year over year. Tire unit volumes declined 3.3% to 38.6 million units.
The company reported a net loss of $238 million, compared with a net loss of $2.2 billion in the third quarter of 2025. However, its adjusted net loss stood at $31 million, compared with adjusted net income of $82 million a year earlier.
Goodyear attributed the operating pressures in its Americas business partly to factory utilization, inflation and other costs. The company also reported weaker replacement tire demand.
In response, Goodyear established a dedicated Enterprise Transformation Office to identify broader operational and strategic opportunities, improve cash generation and strengthen returns. The board’s special committee is evaluating changes to the company’s business mix and manufacturing footprint, alongside investments in new products and capabilities.
Mark Stewart’s background and tenure at Goodyear
Stewart joined Goodyear in January 2024, succeeding Richard J. Kramer, who retired after 24 years with the company, including 14 years as chairman, CEO and president.
Before joining Goodyear, Stewart was chief operating officer of North America at Stellantis, where he was also a member of the company’s Group Executive Council. He led a business unit with more than 88,000 employees and annual revenue exceeding $90 billion.
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He previously served as vice president of customer fulfillment at Amazon, overseeing operations across 200 facilities in North America. Earlier in his career, he held senior positions at ZF TRW Automotive and Tower Automotive.
Originally from Madison, Alabama, Stewart holds a bachelor’s degree in electrical and electronics engineering from Vanderbilt University and an MBA from the University of Tennessee-Knoxville. His departure was classified in Goodyear’s November 9 filing with the U.S. Securities and Exchange Commission as a termination other than for cause under the company’s Executive Severance and Change in Control Plan. He also resigned from the board.