Goodyear names Roger J. Wood interim CEO and president
The board is evaluating initiatives involving business mix and footprint, efficiency, and investment in new products and capabilities.
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Form Type
8-K
Rhea-AI Filing Summary
Goodyear appointed Roger J. Wood interim chief executive officer and president effective November 8, 2026, replacing Mark W. Stewart, who stepped down from those roles and resigned as a director. Wood will remain a director, and the board is searching for a permanent CEO.
Wood will receive a salary of $310,000 per month and a monthly restricted stock unit grant with a grant-date value of $1,000,000 for the lesser of five months or until a permanent successor is hired, plus temporary housing, car and travel allowances and reimbursement of certain legal fees. Separately, Jerome Rouquet will become executive vice president and CFO effective December 1, 2026, succeeding interim CFO Scott Deakin.
Filing Explained
The board says its special committee’s strategic review remains underway, evaluating business mix and footprint, efficiency, and investment in products and capabilities; the company says it will provide no further update unless the board determines disclosure is appropriate or required.
8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Interim CEO monthly salary: $310,000 per month
Monthly restricted stock unit grant-date value: $1,000,000
Restricted stock unit grant duration: Lesser of five months or until the date of hire of a permanent successor
+2 more
5 metrics
Interim CEO monthly salary
$310,000 per month
Roger J. Wood's compensation
Monthly restricted stock unit grant-date value
$1,000,000
Roger J. Wood's compensation
Restricted stock unit grant duration
Lesser of five months or until the date of hire of a permanent successor
Roger J. Wood's monthly grants
Interim CEO and president appointment effective date
November 8, 2026
Roger J. Wood
CFO appointment effective date
December 1, 2026
Jerome Rouquet
Key Terms
restricted stock unit, Executive Severance and Change in Control Plan, special committee, original equipment
4 terms
restricted stock unit financial
"monthly restricted stock unit grant"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Executive Severance and Change in Control Plan financial
"under the Company’s Executive Severance and Change in Control Plan"
special committee regulatory
"A special committee of the board"
A special committee is a group of people chosen by an organization to carefully examine a specific issue or problem, often when a decision could have significant consequences. Think of it as a task force brought together to investigate and recommend actions, ensuring that important matters are handled thoroughly and fairly. For investors, this means decisions are made with careful oversight, which can impact the organization's stability and future direction.
original equipment technical
"original equipment and aftermarket customers"
Original equipment are the parts, components or systems that are installed in a product by the manufacturer during initial assembly, rather than added later by third parties. For investors, knowing whether sales come from original equipment or aftermarket can signal a company's strength in winning factory contracts, recurring replacement demand, and pricing power—much like being the preferred supplier for a car maker versus selling parts at a garage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When did GT appoint Roger Wood interim CEO and president?
Roger J. Wood became Goodyear's interim CEO and president effective November 8, 2026. He has served on the board since July 25, 2023, and will remain a director.
What compensation will Roger Wood receive as interim CEO of GT?
Wood will receive a salary of $310,000 per month and a monthly restricted stock unit grant with a grant-date value of $1,000,000 for the lesser of five months or until a permanent successor is hired. He will also receive temporary housing, car and travel allowances.
What strategic initiatives is Goodyear evaluating?
The board and company are evaluating a broad range of strategic and operational initiatives, including further optimizing the business mix and footprint, improving efficiency, and investing in new products and capabilities that support long-term growth.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________
FORM 8-K
___________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): November 8, 2026
___________________________________
(Exact name of registrant as specified in its charter)
___________________________________
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification Number) | ||||||
(Address of principal executive offices and zip code) | ||||||||
( | ||||||||
(Registrant's telephone number, including area code) | ||||||||
___________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act: | ||||||||
Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective on November 8, 2026, The Goodyear Tire & Rubber Company (the “Company”) appointed Roger J. Wood to be the Company’s Interim Chief Executive Officer and President, replacing Mark W. Stewart. The Company will conduct a comprehensive search to identify Mr. Stewart’s permanent successor.
Mr. Wood, 64, has been a Director of the Company since July 25, 2023. Mr. Wood served as co-chief executive officer of Tenneco, Inc., one of the world’s leading designers, manufacturers and marketers of automotive products for original equipment and aftermarket customers, from 2018 to 2020. He also served as president and chief executive officer of Dana Holding Corporation, a leading global supplier of highly engineered driveline, sealing and thermal management technologies for the automotive industry, from 2011 to 2015. He joined Dana after a 26-year career with BorgWarner Incorporated, a global product leader in delivering innovative and sustainable mobility solutions, serving most recently as executive vice president and group president for the Engine group.
Mr. Wood will continue to serve as a Director of the Company but will not be a member of the Human Capital and Compensation Committee or the Governance Committee of the Board of Directors during his tenure as Interim Chief Executive Officer and President.
Mr. Wood will receive a salary of $310,000 per month. He will also receive a monthly restricted stock unit grant with a grant date value of $1,000,000 for the lesser of (1) five months or (2) until the date of hire of a permanent successor. He will also receive temporary housing, car and travel allowances, as well as reimbursement of certain legal fees and participation in certain other benefit plans and programs that generally are available to the Company’s officers and associates.
Mr. Stewart’s separation from the Company is a termination “other than for Cause” under the Company’s Executive Severance and Change in Control Plan. Mr. Stewart also resigned as a Director of the Company.
Item 7.01 Regulation FD Disclosure.
On November 9, 2026, the Company issued a news release announcing the leadership changes described above. A copy of the news release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 News release, dated November 9, 2026
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
THE GOODYEAR TIRE & RUBBER COMPANY | ||||||||
Date: November 9, 2026 | By: | /s/ Daniel T. Young | ||||||
Name: | Daniel T. Young | |||||||
Title: | Secretary | |||||||
