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The Goodyear Tire & Rubber Company (Goodyear) is a global leader in tire manufacturing, distribution, and sales. The company produces a wide range of tires for various applications, including automobiles, trucks, aircraft, and industrial equipment, and also provides related services such as retreading and automotive maintenance. Goodyear operates through three regional segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific, with a strong presence in both original equipment and replacement tire markets.
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Tires - Manufactures and sells tires for automobiles, trucks, buses, motorcycles, aircraft, and industrial equipment. Includes consumer tires, commercial tires, and specialty tires for off-the-road (OTR) vehicles, mining, and aviation.
- Consumer Tires - Designed for passenger vehicles, motorcycles, and light trucks.
- Commercial Tires - Built for trucks, buses, and heavy-duty vehicles.
- Specialty Tires - Developed for aircraft, mining, and industrial applications.
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Other Tire-Related Sales - Offers retreaded tires, tread rubber, and materials for tire retreading. Includes specialty products such as aviation and race tires.
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Retail Services and Service-Related Sales - Provides automotive maintenance and repair services through company-owned retail outlets, catering to both consumer and commercial customers.
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Chemical Sales - Produces and sells synthetic rubber and other chemicals to third-party customers, contributing a smaller portion of overall sales.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Christina L. Zamarro Executive | Executive Vice President and Chief Financial Officer | None | Christina L. Zamarro is the CFO of GT, confirmed in her role as of February 2025. | |
Christopher P. Helsel Executive | Senior Vice President and Chief Technology Officer | None | Christopher P. Helsel joined GT in 1996 and was named Senior Vice President and CTO on January 13, 2025. | |
Christopher R. Delaney Executive | President, Europe, Middle East and Africa (EMEA) | None | Christopher R. Delaney joined GT in 2015 and has been President, EMEA since September 2017. | |
David E. Phillips Executive | Senior Vice President and General Counsel | None | David E. Phillips joined GT in 2011 and has been Senior Vice President and General Counsel since June 2019. | |
Don Metzelaar Executive | Senior Vice President, Global Manufacturing and Supply Chain | None | Don Metzelaar was appointed to his position on January 13, 2025, with a background in manufacturing and supply chain roles at several global companies. | |
Laura P. Duda Executive | Senior Vice President and Chief Communications Officer | None | Laura P. Duda joined GT in 2016 and became Senior Vice President and Chief Communications Officer in January 2019. | |
Margaret V. Snyder Executive | Vice President and Controller | None | Margaret V. Snyder joined GT in 2020 and became Vice President and Controller on March 31, 2023. | |
Mark W. Stewart Executive | Chief Executive Officer and President | None | Mark W. Stewart has been CEO and President since January 29, 2024. He previously held leadership roles at Stellantis N.V., Amazon, and ZF TRW Automotive. | View Report → |
Nathaniel Madarang Executive | President, Asia Pacific | None | Nathaniel Madarang joined GT in 2008 and became President, Asia Pacific in March 2021. | |
Nicole Gray Executive | Senior Vice President and Chief Human Resources Officer | None | Nicole Gray joined GT in 2016 and became CHRO on July 1, 2024. | |
Ryan Waldron Executive | President, Americas | None | Ryan Waldron joined GT in 2003 and became President, Americas on April 19, 2024. He has held various leadership roles within the company. | |
Laurette T. Koellner Board | Chairman of the Board | Celestica Inc., Papa John’s International, Inc., Nucor Corporation | Laurette T. Koellner has been a Director at GT since 2015 and became Chairman of the Board on January 29, 2024. She holds board positions at Celestica Inc., Papa John’s International, Inc., and Nucor Corporation. |
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Despite the ongoing Goodyear Forward initiatives, your consumer replacement volumes have been declining significantly, with an average 9% drop over the last nine quarters in North America. Can you explain how much of this decline is due to intentional volume loss versus market share loss, and when do you expect volumes to stabilize or improve?
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You've set a net leverage target of 2x to 2.5x by the end of 2025, which is lower than your historical levels and many high-yield companies. What is the rationale behind committing to such a low leverage ratio, and how does this align with your capital allocation and investment strategies?
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The Goodyear Forward program aims for $500 million in annualized savings from footprint and plant optimization by 2025. Could you provide specific details on the plant rationalizations and optimization strategies you're implementing to achieve these savings, and how they might impact your production capacity and workforce?
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Given the significant influx of low-end imports in the U.S. and Europe impacting your replacement tire volumes and market share, what concrete steps are you taking to combat this competitive pressure, and how do you plan to regain share without sacrificing profitability?
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With the planned divestitures, including the sale of the OTR business and the potential sale of the Dunlop brand, how are you balancing the objectives of maximizing proceeds, finding the right strategic fit, and adhering to your timeline? Additionally, how will these asset sales affect your long-term growth and profitability targets?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Cooper Tire & Rubber Company | 2021 | The acquisition was completed on June 7, 2021 through a merger that provided Cooper Tire stockholders with $41.75 in cash per share and a fixed exchange ratio of 0.907 Goodyear shares, making the total transaction value approximately $3.1 billion. The deal was structured with financing from cash, equivalents, and senior notes, and the acquired operations are now integrated as a wholly owned subsidiary into Goodyear’s consolidated financial statements. |
Recent press releases and 8-K filings for GT.
- Shareholders approved an amendment to the 2022 Performance Plan authorizing an additional 12,400,000 common shares for incentive compensation .
- Strong voting results on director elections and compensation advisory resolutions highlighted robust shareholder support .
- Christopher R. Delaney, a key executive officer, departed effective April 14, 2025, with no severance eligibility .
- Christina L. Zamarro, the CFO, is set to lead the EMEA business unit on an interim basis .
- The amended plan, detailed in Exhibit 10.1, is designed to enhance the company’s ability to attract and retain key executives and directors .