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Goodyear (NASDAQ: GT) CFO Zamarro to exit; Deakin named interim

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(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

The Goodyear Tire & Rubber Company announced a chief financial officer transition. Executive Vice President and CFO Christina L. Zamarro will step down from her role effective June 30, 2026 and leave the company on July 10, 2026 to pursue another opportunity. Her departure is stated as not related to Goodyear’s financial or operating results or to any disagreements over the company’s financial, operational, accounting or reporting policies.

Goodyear has appointed Scott M. Deakin, 60, as Interim Executive Vice President and CFO effective July 1, 2026, and he will serve as principal financial officer while the company conducts a comprehensive search for a permanent CFO. Deakin previously served as CFO of Gypsum Management & Supply, Inc. from 2019 to 2026. His compensation includes a salary of $30,000 per week, a bonus of $5,000 per week based on weeks worked, and an equity incentive award of $500,000 in restricted stock units.

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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 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
CFO step-down date June 30, 2026 Effective date Zamarro steps down as EVP and CFO
CFO departure date July 10, 2026 Date Zamarro leaves Goodyear
Interim CFO weekly salary $30,000 per week Cash salary for Scott Deakin as interim CFO
Interim CFO weekly bonus $5,000 per week Bonus for Scott Deakin based on weeks worked
Equity incentive award $500,000 RSUs Grant date value in restricted stock units for Deakin
Interim CFO age 60 Age of Scott M. Deakin
Employees About 63,000 people Goodyear global workforce
Manufacturing facilities 49 facilities in 19 countries Goodyear global manufacturing footprint
Interim Executive Vice President and Chief Financial Officer financial
"will be appointed as Interim Executive Vice President and Chief Financial Officer, effective July 1, 2026"
restricted stock units financial
"an equity incentive award with a grant date value of $500,000 delivered in restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
forward-looking statements regulatory
"Certain information contained in this news release constitutes forward-looking statements for purposes of the safe harbor provisions"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
capital allocation priorities financial
"support execution of operational, transformation and capital allocation priorities"
Capital allocation priorities are the order in which a company decides to use its financial resources, such as investing in new projects, paying dividends, reducing debt, or saving for future needs. They matter to investors because they influence a company's growth potential and financial stability, helping them understand how the business plans to grow and return value over time. Proper priorities can indicate a well-managed company focused on sustainable success.
Innovation Centers technical
"Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products"
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Understanding 8-K Material Events →
false000004258200000425822026-06-222026-06-22

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): June 22, 2026
___________________________________
The Goodyear Tire & Rubber Company
(Exact name of registrant as specified in its charter)
___________________________________

Ohio
1-1927
34-0253240
(State or other jurisdiction of
incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification Number)
200 Innovation Way
Akron, Ohio 44316-0001
(Address of principal executive offices and zip code)
(330) 796-2121
(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
Common Stock, Without Par Value
GT
The Nasdaq Stock Market LLC
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.

On June 22, 2026, Christina L. Zamarro, Executive Vice President and Chief Financial Officer, notified The Goodyear Tire & Rubber Company (the “Company”) that she will step down from her current position effective June 30, 2026, and leave the Company on July 10, 2026, to pursue another opportunity, and that her departure is not related to the Company’s financial or operating results or to any disagreements with the Company regarding the Company’s financial, operational, accounting or reporting policies or practices.

In connection with Ms. Zamarro’s departure, the Company announced that Scott M. Deakin, 60, will be appointed as Interim Executive Vice President and Chief Financial Officer, effective July 1, 2026, while the Company conducts a comprehensive search to identify Ms. Zamarro’s successor. Mr. Deakin will serve as the Company’s principal financial officer until a permanent chief financial officer is appointed. Previously, Mr. Deakin was chief financial officer of Gypsum Management & Supply, Inc., a wholesale distributor of interior construction products, from 2019 to 2026.

A copy of the news release announcing these changes, which includes some additional biographical information about Mr. Deakin, is attached hereto as Exhibit 99.1.

Mr. Deakin will receive a salary of $30,000 per week and a bonus equal to $5,000 per week based on the number of weeks worked. Mr. Deakin will also receive an equity incentive award with a grant date value of $500,000 delivered in restricted stock units.


Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.
Description
99.1
News Release, dated June 26, 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: June 26, 2026
By:
/s/ Daniel T. Young
Name:
Daniel T. Young
Title:
Secretary



1
FOR IMMEDIATE RELEASE
NEWS RELEASE
image.jpg
MEDIA CONTACT:
CHRISTY BYKOWSKI
CHRISTY_BYKOWSKI@GOODYEAR.COM
ANALYST CONTACT:
RYAN REED
RYAN_REED@GOODYEAR.COM
GOODYEAR ANNOUNCES CFO TRANSITION
Christina Zamarro to step down to accept another opportunity
Scott Deakin appointed interim CFO
AKRON, Ohio, June 26, 2026 – The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that
executive vice president and Chief Financial Officer, Christina Zamarro will leave the company effective July 10.
The company has named Scott Deakin to serve as interim Chief Financial Officer (CFO) effective July 1.
“I want to thank Christina for her leadership and strong contributions to Goodyear during her 20 years of
service, three of them as CFO,” said Mark Stewart, Chief Executive Officer. “She has been a valued partner
across the business, helping advance important initiatives and positioning the company for continued
progress.”
As a former public company CFO and multi-industry operating executive, Deakin has more than 25 years of
deep financial and operational experience. He most recently served as CFO at Gypsum Management &
Supply, Inc., a wholesale distributor of interior construction products, from 2019 to 2026. 
“We remain focused on executing Goodyear's operating strategy,” said Stewart. “As interim CFO, Scott is well
positioned to provide continuity in the company's financial leadership and support execution of operational,
transformation and capital allocation priorities.”
Goodyear is conducting a comprehensive search process to identify a permanent Chief Financial Officer.
About The Goodyear Tire & Rubber Company
Goodyear is one of the world's largest tire companies. It employs about 63,000 people and manufactures its
products in 49 facilities in 19 countries around the world. Its two Innovation Centers in Akron, Ohio, and
Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology
and performance standard for the industry. For more information about Goodyear and its products, go to
www.goodyear.com/corporate.
Forward-Looking Statements
Certain information contained in this news release constitutes forward-looking statements for purposes of the
safe harbor provisions of The Private Securities Litigation Reform Act of 1995. There are a variety of factors,
many of which are beyond our control, that affect our operations, performance, business strategy and results
and could cause our actual results and experience to differ materially from the assumptions, expectations and
2
objectives expressed in any forward-looking statements. These factors include, but are not limited to: our
ability to implement successfully our strategic initiatives; actions and initiatives taken by both current and
potential competitors; increases in the prices paid for raw materials and energy; inflationary cost pressures;
delays or disruptions in our supply chain or the provision of services to us; a prolonged economic downturn
or period of economic uncertainty; deteriorating economic conditions or an inability to access capital markets;
a labor strike, work stoppage, labor shortage or other similar event; financial difficulties, work stoppages,
labor shortages or supply disruptions at our suppliers or customers; the adequacy of our capital expenditures;
changes in tariffs, trade agreements or trade restrictions; uncertainty regarding the timing and amount of any
IEEPA tariff refund; foreign currency translation and transaction risks; our failure to comply with a material
covenant in our debt obligations; potential adverse consequences of litigation involving the company; as well
as the effects of more general factors such as changes in general market, economic or political conditions or
in legislation, regulation or public policy. Additional factors are discussed in our filings with the Securities and
Exchange Commission, including our annual report on Form 10-K, quarterly reports on Form 10-Q and current
reports on Form 8-K. In addition, any forward-looking statements represent our estimates only as of today
and should not be relied upon as representing our estimates as of any subsequent date. While we may elect
to update forward-looking statements at some point in the future, we specifically disclaim any obligation to
do so, even if our estimates change.

Source: View Original Filing on SEC EDGAR

FAQ

Why is Goodyear (GT) CFO Christina Zamarro leaving the company?

Christina Zamarro is leaving Goodyear to pursue another opportunity. The company states her departure is not related to its financial or operating results or to any disagreements over financial, operational, accounting, or reporting policies or practices.

Who is Goodyear (GT) appointing as interim Chief Financial Officer?

Goodyear is appointing Scott M. Deakin as interim Chief Financial Officer effective July 1, 2026. Deakin, age 60, previously served as CFO of Gypsum Management & Supply, Inc. from 2019 to 2026 and brings more than 25 years of financial and operational experience.

What compensation will interim CFO Scott Deakin receive at Goodyear (GT)?

Interim CFO Scott Deakin will receive a salary of $30,000 per week and a bonus of $5,000 per week based on weeks worked. He will also receive an equity incentive award valued at $500,000, delivered in restricted stock units as part of his compensation package.

When will Goodyear (GT) CFO Christina Zamarro’s transition become effective?

Christina Zamarro will step down as Executive Vice President and Chief Financial Officer effective June 30, 2026. She will remain with Goodyear until July 10, 2026, which the company describes as a planned transition as she departs to pursue another opportunity.

How is Goodyear (GT) handling the search for a permanent CFO?

Goodyear is conducting a comprehensive search process to identify a permanent Chief Financial Officer. During this period, Scott Deakin will serve as interim CFO and principal financial officer, providing continuity in financial leadership while the search is underway.

What does Goodyear (GT) say about its strategy during the CFO transition?

Goodyear states it remains focused on executing its operating strategy during the CFO transition. CEO Mark Stewart highlights priorities including operational, transformation, and capital allocation initiatives, and notes that interim CFO Scott Deakin is positioned to support continuity in financial leadership.

Filing Exhibits & Attachments

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