Mamatha Chamarthi
GOODYEAR TIRE & RUBBER CO /OH/About Mamatha Chamarthi
Mamatha Chamarthi is Senior Vice President and Chief Digital Officer at The Goodyear Tire & Rubber Company, appointed effective August 1, 2024; she is 55 and listed as an officer since 2024 in Goodyear’s 2024 annual report . She oversees digital businesses and CIO responsibilities, leading enterprise digital strategy across products, plants, services, and processes; prior roles include P&L leadership in software at Stellantis and CIO/CDO roles at ZF Friedrichshafen and Consumers Energy . Education: MBA (Northwestern Kellogg), MBA (Sri Venkateswara University), MS (Oakland University), MA (Osmania University) . Company performance metrics linked to executive LTIs include consolidated Net Income, Cash Flow Return on Capital (CFROC), 3‑Year Margin Growth, and a 3‑year relative TSR modifier (0.8x–1.2x) with an overall cap of 200% payout, anchoring compensation to profitability, capital efficiency, and shareholder returns .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Stellantis N.V. | Head of Software Business & Product Management (Global, Americas, Asia) | May 2021 – Jul 2024 | Built and led a software business delivering consistent YoY revenue targets, expanding connected vehicle and digital services P&L |
| Stellantis N.V. | CIO – North America & Asia Pacific | Apr 2019 – May 2021 | Oversaw global connected vehicle initiatives, cybersecurity, and enterprise IT modernization |
| ZF Friedrichshafen AG | Chief Digital Officer; SVP, Executive Lead India Technology Center | 2016 – 2019 | Led digitalization strategy and new digital revenue models; established India Technology Center |
| Consumers Energy / CMS Energy | CIO & Vice President | 2010 – 2013 | Drove digital transformation strategies in regulated utility operations |
| Daimler Group (DaimlerChrysler/Daimler Financial) | Various IT/leadership roles | 1998 – 2010 | Progressed through four promotions; foundational experience in automotive IT and finance systems |
External Roles
| Organization | Role | Years | Committees / Notes |
|---|---|---|---|
| SLB Limited (NYSE: SLB) | Director | Oct 10, 2025 – present | Audit Committee; Energy Innovation & Technology Committee |
| ChampionX Corporation | Director | 2018 – Jul 2025 (pre-acquisition by SLB) | Audit Committee; previously Compensation Committee |
| Health Alliance Plan (HAP) | Director | Ongoing (not dated) | Audit Committee |
| Telangana Ministry of IT & Industries | Advisory Board Chair | Ongoing | Advises on automotive ecosystem development for Hyderabad region |
| T200 (non-profit) | Co‑founder & Board Member | Ongoing | Mission to advance women into leadership roles |
| Oakland University SECS | Advisory Board Member | Ongoing | Advisory role to engineering school |
Fixed Compensation
- Not disclosed for Mamatha Chamarthi in GT’s 2025 Proxy (DEF 14A) as she was not listed among Named Executive Officers for 2024; NEO cash incentive payouts and RSU grants disclosed pertain to other executives .
Performance Compensation
| Metric | Weighting | Target | Actual | Payout Range | Vesting |
|---|---|---|---|---|---|
| Consolidated Net Income | 40% | Established annually by Compensation Committee (undisclosed) | Undisclosed | 0%–200% of target | 3‑year cycle (2024–2026) with TSR modifier |
| CFROC (Cash Flow Return on Capital) | 40% | Established annually (undisclosed) | Undisclosed | 0%–200% | 3‑year cycle with TSR modifier |
| 3‑Year Margin Growth | 20% | Company-defined (undisclosed) | Undisclosed | 0%–200% | 3‑year cycle with TSR modifier |
| TSR Modifier (Relative) | 0.8x–1.2x | 55th percentile for 1.0x; capped at 1.0x if absolute TSR negative | Applied over 3‑year period | Adjusts financial payout by 0.8x–1.2x | Applies at cycle end |
- RSUs granted under the annual program vest ratably over three years from grant date and accrue dividend equivalents subject to the same vesting terms; policy applies to NEO awards and indicates structural vesting cadence for senior officers’ RSUs .
Equity Ownership & Alignment
| Item | Policy / Status |
|---|---|
| Stockholding Guidelines | CEO: 6x base salary; President/EVP/SVP: 3x base salary. Officers must hold 100% of net shares until achieving guideline; after compliance, must retain 25% of net shares for at least one year post-vesting/exercise . |
| Compliance | 2024: NEOs complied or were working toward compliance; Chamarthi’s individual compliance status not disclosed . |
| Hedging / Pledging | Prohibited for directors, officers, and employees; no holding in margin accounts or pledging as collateral allowed . |
| Beneficial Ownership | No Form 3/4 filings identified for Chamarthi at GT during 2024–2025; thus, specific share ownership, vested/unvested breakdown, and pledging status are not disclosed [functions.ListDocuments returned 0 Form 4; search result none]. |
Employment Terms
- Executive Severance Plan coverage: Officers (including NEOs) eligible; benefits require executing a release and adherence to confidentiality, non‑disparagement, non‑solicit, and non‑compete covenants .
- Termination without Cause (non‑CIC): Earned pay; pro‑rated annual incentive (actual performance, capped at target); cash severance = (base + target bonus) × severance multiple (range 1.0x–2.0x; CEO at 2.0x; other active NEOs at 1.5x); healthcare continuation for years equal to multiple; outplacement up to $25,000; certain pension vesting if “Rule of 75” met .
- Change‑in‑Control (double‑trigger including Potential CIC window): Earned pay; pro‑rated annual incentive at target; cash severance = 2× (base + target bonus); healthcare up to 2 years; outplacement up to $25,000; legal fee reimbursement in certain claims; pension vesting with 5+ years of service .
- Auto‑renewal: Plan effective since Feb 28, 2013; renews annually unless notice given ≥90 days prior to term end; automatically renewed through Feb 28, 2026 .
Investment Implications
- Pay-for-performance alignment: The LTI framework emphasizes profitability (Net Income, Margin Growth) and capital efficiency (CFROC) with a relative TSR modifier and 3‑year cycles, capping payouts at 200%—a structure that ties senior officer incentives, including the CDO, to value creation and shareholder returns rather than pure growth .
- Selling pressure and alignment: Company policy prohibits hedging and pledging and enforces robust stockholding guidelines (3× salary for SVP level), reducing misalignment risks and potential forced selling via margin calls; individual ownership for Chamarthi is not disclosed, limiting visibility into near‑term insider selling signals .
- Retention and transition risk: Executive Severance Plan uses double‑trigger CIC economics and includes non‑compete and non‑solicit covenants, supporting retention and orderly transitions; severance multiples for non‑CEO officers range from 1.0x–1.5x+, though Chamarthi’s specific multiple is not disclosed .
- Network and external influence: Current SLB board membership (Audit; Energy Innovation & Technology) and prior ChampionX directorship expand cross‑industry visibility and information flow; time commitments are formalized and may increase external exposure while providing relevant technology and energy insights for Goodyear’s digital strategy .
Notes: Chamarthi is not a listed NEO in the 2025 DEF 14A for 2024 compensation; specific base salary, bonus targets, equity grant values, vesting schedules, and beneficial ownership at GT are not disclosed. Company‑wide policies and incentive structures cited apply to senior officers and NEOs.