The Goodyear Tire & Rubber Company filed a Form 8-K on November 9, 2026, disclosing that Roger J. Wood was appointed Interim Chief Executive Officer and President effective November 8, 2026, replacing Mark W. Stewart, whose separation was classified as a termination "other than for Cause."

Key Highlights

  • New Interim CEO: Roger J. Wood, age 64, was appointed Interim Chief Executive Officer and President effective November 8, 2026.
  • Predecessor departure: Mark W. Stewart was replaced and also resigned as a Director of the Company; his separation is classified as a termination "other than for Cause" under the Company's Executive Severance and Change in Control Plan.
  • Monthly salary: Wood will receive a salary of $310,000 per month in his interim role.
  • RSU grants: Wood will receive 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.
  • Board continuity: Wood, a Company Director since July 25, 2023, will continue serving on the Board but will not sit on the Human Capital and Compensation Committee or the Governance Committee during his tenure as Interim CEO.
  • Permanent search underway: According to the filing, the Company will conduct a comprehensive search to identify Stewart's permanent successor.

Goodyear Leadership Transition: Wood's Background and Compensation Terms

According to the filing, Roger J. Wood has served as a Director of Goodyear since July 25, 2023. Prior to joining the Board, Wood served as co-chief executive officer of Tenneco, Inc. from 2018 to 2020, and as president and chief executive officer of Dana Holding Corporation from 2011 to 2015. The filing also notes that he joined Dana after a 26-year career with BorgWarner Incorporated, where he most recently served as executive vice president and group president for the Engine group.

The filing details Wood's compensation arrangement as Interim CEO. He will receive a monthly salary of $310,000, along with monthly restricted stock unit grants each carrying a grant date value of $1,000,000. Those RSU grants will continue for the lesser of five months or until a permanent successor is hired. The filing also states he will receive temporary housing, car and travel allowances, reimbursement of certain legal fees, and participation in certain benefit plans and programs generally available to the Company's officers and associates.

Regarding Mark W. Stewart, the filing states his separation constitutes a termination "other than for Cause" under the Company's Executive Severance and Change in Control Plan, and that he also resigned as a Director. The Company disclosed it would conduct a comprehensive search for a permanent successor. Goodyear's common stock is listed on NASDAQ:GT. A news release announcing the leadership changes was issued November 9, 2026, and attached as Exhibit 99.1.

What Was Disclosed

Goodyear disclosed the appointment of Roger J. Wood as Interim CEO and President replacing Mark W. Stewart, whose separation qualifies as termination "other than for Cause." Wood's monthly compensation terms and Board role adjustments were also detailed.