The Goodyear Tire & Rubber Company filed a Form 8-K on October 27, 2026, disclosing the appointment of Jerome J. Rouquet as Executive Vice President and Chief Financial Officer, effective December 1, 2026.

Key Highlights

  • New CFO named: Jerome J. Rouquet will become Executive Vice President and Chief Financial Officer effective December 1, 2026.
  • Interim CFO transition: Scott M. Deakin will continue as Interim Executive Vice President and Chief Financial Officer through November 30, 2026.
  • Base salary: Rouquet will receive an annual base salary of $900,000, with a target annual incentive of $900,000 under the Executive Annual Incentive Plan.
  • Long-term incentive: A long-term incentive award valued at $3,200,000 will be granted under the Company's 2022 Performance Plan, split among Performance Share Units, Executive Performance Units, and Restricted Stock Units.
  • Make-whole and inducement awards: Rouquet will receive a one-time $2,500,000 cash payment on March 15, 2027, a $2,600,000 Restricted Stock Unit award vesting March 1, 2028, and a $700,000 Restricted Stock Unit award vesting March 1, 2029.
  • Prior role: Rouquet has served as Senior Vice President and Chief Financial Officer of Visteon Corporation since February 2020, and previously held senior financial roles at Federal-Mogul Corporation.

Goodyear's CFO Appointment: Compensation and Transition Details

According to the filing, Goodyear (NASDAQ:GT) announced that Jerome J. Rouquet, age 59, will join the company as Executive Vice President and Chief Financial Officer on December 1, 2026. The filing states that Rouquet is currently Senior Vice President and Chief Financial Officer of Visteon Corporation, a global automotive technology company, a position he has held since February 2020. Before that, he held financial leadership roles at Federal-Mogul Corporation, a global automotive supplier, including Senior Vice President and Chief Financial Officer.

The filing details Rouquet's compensation package. His annual base salary is set at $900,000, and his target annual incentive under the Company's Executive Annual Incentive Plan is also $900,000. His long-term incentive award, valued at $3,200,000 under the Company's 2022 Performance Plan, is structured as follows: $1,280,000 in Performance Share Units for the performance cycle ending December 31, 2028; $960,000 in Executive Performance Units for the same cycle; and $960,000 in Restricted Stock Units vesting ratably over three years, according to the filing.

The filing also discloses make-whole and inducement awards. These include a one-time $2,500,000 cash payment to be made on March 15, 2027, subject to a one-year claw-back period; a one-time $2,600,000 Restricted Stock Unit award vesting March 1, 2028; and a one-time $700,000 Restricted Stock Unit award vesting March 1, 2029. The filing further states that Rouquet will become a participant in the Executive Severance and Change in Control Plan with a severance multiple of 1.5x, and in the Defined Contribution Excess Benefit Plan, as well as other benefit plans generally available to the company's officers and associates.

What Was Disclosed

Goodyear disclosed the appointment of Jerome J. Rouquet as its incoming CFO, effective December 1, 2026, along with his full compensation terms, prior executive experience, and the continuation of Scott M. Deakin as Interim CFO through November 30, 2026.