Richard J. Kramer Appointed CEO and President of Goodyear

Goodyear has announced the election of a new Chief Executive Officer and president, in the person of Richard J. Kramer, a decision that will become effective on April 13.
Kramer will replace Robert J.Keegan, who will remain as executive chairman of the Board of Directors - Goodyear Tire & Rubber Company.

"Mentoring and working side-by-side with Rich for more than nine years I've witnessed his strong professional growth whether it be his critical role in creating our strategy, his creation of a world class financial team as CFO, or his team building, leadership and motivational abilities in leading North American Tire through one of the most difficult periods in history," Keegan said.  "Rich brings to the table a deep knowledge of Goodyear, our global markets, manufacturing, finance and technology, which will lead Goodyear to the next level. Our company will be in good hands."

Kramer, who was named chief operating officer in June 2009, previously led the company’s North American Tire business. Prior to that, he spent three years as executive vice president and chief financial officer. He joined Goodyear as vice president of corporate finance back in 2000. The executive came to Goodyear from PricewaterhouseCoopers, where he held various positions over 13 years, ultimately becoming a partner.

"I am honored that the board has the confidence in me to oversee one of the most recognizable and trusted brands in the world. At the same time I am excited about the opportunities the global tire industry is presenting us.  Goodyear is well positioned to take advantage of those opportunities." Kramer said.