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Mark W. Stewart

Chief Executive Officer and President at GOODYEAR TIRE & RUBBER CO /OH/
Since January 29, 2024
Age
57 years
Education
Earned a Bachelor of Engineering in Electrical and Electronics Engineering from Vanderbilt University and an MBA from The University of Tennessee-Knoxville.
Tenure
Joined as Chief Executive Officer and President on January 29, 2024, and also became a member of the Board of Directors on the same date.

Also at GOODYEAR TIRE & RUBBER CO /OH/

CLZ
Christina L. Zamarro
Executive Vice President and Chief Financial Officer
CPH
Christopher P. Helsel
Senior Vice President and Chief Technology Officer
CRD
Christopher R. Delaney
President, Europe, Middle East and Africa (EMEA)

About

Mark W. Stewart is 57 years old as of February 2025, bringing a wealth of expertise in operations, manufacturing, and fulfillment from an extensive career across global companies.

Before joining Goodyear, he built a diverse professional background with notable leadership roles at Stellantis, where he served as the Chief Operating Officer of North America and led groundbreaking EV transformations, as well as significant contributions at Amazon and ZF TRW Automotive in the fields of automation, artificial intelligence, and advanced robotics.

Since his appointment as Chief Executive Officer and President on 01-29-2024, he has steered the company through strategic innovations and progress, also securing a position on the Board of Directors. His comprehensive experience and commitment to operational excellence continue to drive Goodyear's efforts towards growth and innovation.

$GT Performance Under Mark W. Stewart

Past Roles

OrganizationRoleDate RangeDetails
Stellantis N.V.Chief Operating Officer of North America & Group Executive Council MemberDec 2018 - Jan 2024Served immediately prior to joining GT
AmazonVice President, Customer FulfillmentN/ALed customer fulfillment across 200 operations facilities in North America, overseeing operations, procurement, construction, engineering, automation, AI, robotics, and conveyance
ZF TRW AutomotiveExecutive Vice President and Chief Operating OfficerN/AHeld multiple roles including plant/production/quality management, Executive Vice President for Tower Automotive’s Western Europe business, Vice President & General Manager for TRW’s North America Passenger Car and Commercial Global Steering business, and Vice President for TRW’s Asia Pacific business

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Annual Base Salary$1,400,000 Annual (2024)Fixed base salary for 2024.
One-Time Signing Bonus$8,560,000 One-time (2024)50% paid in cash and 50% in fully-vested Common Stock; awarded to replace forfeited awards from a prior employer; subject to repayment if prior employer pays any portion.
One-Time Long-Term Incentive Award$11,415,000 One-time grant (2024) with vesting in 2025 & 2026Breakdown: $4,830,000 in Performance Share Units (PSUs) vesting on May 12, 2025 (50% CFROC, 50% Net Income, 1-year TSR modifier); $4,975,000 in PSUs vesting on May 15, 2026 (50% CFROC, 50% Net Income, 2-year TSR modifier); $1,610,000 in Restricted Stock Units vesting on May 15, 2025 (time-based vesting).

Performance Compensation

Data from  FY 2024

2024 Performance Compensation Details

ComponentMetricsGrant ValueVesting ScheduleAdditional Details
2024 Performance Share Units (PSUs)50% Cash Flow Return on Capital (CFROC), 50% Net Income; 1-year TSR modifier$4,830,000 Vest on May 12, 2025Performance-based awards tied to 2024 operating results; payout amounts vary based on the achievement of established performance targets.
2024-2025 Performance Share Units (PSUs)50% CFROC, 50% Net Income; 2-year TSR modifier$4,975,000 Vest on May 15, 2026Evaluated over two years (2024 and 2025); payout contingent on meeting annual as well as cumulative performance thresholds.
2024 Restricted Stock Units (RSUs)Time-based vesting$1,610,000 Vest on May 15, 2025Granted as part of the one-time award for alignment with forfeited awards; not subject to performance metrics.