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Goodyear Appoints Jerome Rouquet as CFO
The Goodyear Tire & Rubber Company (GT) announced that Jerome Rouquet will join the company as CFO, effective Dec. 1, 2026. He will report to CEO Mark Stewart and serve as a member of the company's Senior Leadership Team. Rouquet is an experienced global finance executive with deep expertise in the automotive industry. He currently serves as CFO of Visteon Corporation (VC), where he leads the company's global financial activities. Before joining Visteon in 2020, he held senior finance leadership positions at Tenneco and Federal-Mogul, including serving as Federal-Mogul's CFO, chief accounting officer and controller.
AutoNation Appoints Mark Stewart as Independent Director
AutoNation (AN) announced the appointment of Mark Stewart to its Board of Directors as an independent director. Stewart has served as CEO and President of The Goodyear Tire & Rubber Company (GT) and as a member of its Board of Directors since January 2024.
Goodyear Appoints Joe Hinrichs as Chairman of the Board
Goodyear Tire announced the election of Joe Hinrichs as chairman of its Board of Directors, effective Oct. 7, 2026. Hinrichs, who will also chair the board's Governance and Executive Committees, was elected to the company's board in 2023. He succeeds LauretteKoellner, who will retire in accordance with Goodyear's Corporate Governance Guidelines at the company's 2027 annual meeting. Hinrichs most recently served as president and chief executive officer of CSX Corporation. Prior to joining CSX, he held numerous leadership roles at Ford Motor Company, including president of the Global Automotive Business, executive vice president and president of Global Operations, executive vice president and president of the Americas, president of Asia Pacific and Africa, chairman and chief executive officer of Ford China, and president and chief executive officer of Ford Canada. Hinrichs holds a bachelor's degree in electrical engineering from the University of Dayton and an MBA from Harvard Business School.
Goodyear to Close Chemical Plants in NY and TX, Cutting 85 Jobs
In a regulatory filing, the company stated, "On September 29, 2026, The Goodyear Tire & Rubber Company approved a plan to close its chemical manufacturing facilities in Niagara Falls, New York and Bayport, Texas. The plan includes approximately 85 job reductions. The company expects to substantially complete this rationalization plan by the end of 2027 and estimates the total pre-tax charges associated with this action to be between $55 million and $75 million, of which approximately $30 million is expected to be cash charges primarily for plant decommissioning and associate-related and other exit costs, and the remaining costs are expected to be non-cash charges primarily for accelerated depreciation and other asset-related charges. The company expects to record approximately $35 million of pre-tax charges in the third quarter of 2026 and approximately $15 million of pre-tax charges during the remainder of 2026. The majority of the cash outflows associated with this plan will occur by the end of 2027. These actions are expected to improve Americas segment operating income by approximately $15 million to $20 million annually beginning in 2027."
Company Reports Q2 Revenue of $4.3B, Exceeding Expectations
Reports Q2 revenue $4.3B, consensus $4.11B. "We delivered second quarter results in line with our expectations, reflecting continued improvement in Asia Pacific and EMEA," said CEO Mark Stewart. "We're taking actions to improve performance in a competitive environment by strengthening our product lineup, building on original equipment growth across regions, and optimizing our manufacturing footprint. These actions are designed to strengthen our competitive position and deliver stronger profitability over time."
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