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Goodyear Names Stellantis’ Stewart as CEO After Elliott Push

Mark Stewart oversaw carmaker’s recent labor negotiations
New chief executive follows months of activist pressure

Mark Stewart Photographer: Jeff Kowalsky/Bloomberg

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By Edward Ludlow, Gabrielle Coppola, and Crystal Tse

January 17, 2024 at 11:30 PM UTC

Updated on

January 18, 2024 at 2:48 PM UTC

This article is for subscribers only.

Goodyear Tire & Rubber Co. named Stellantis NV executive Mark Stewart as chief executive officer following a pressure campaign by shareholder activist Elliott Investment Management.

Stewart will take over for CEO Richard Kramer and join the tire maker’s board on Jan. 29, the company said Thursday in a statement. Laurette Koellner, Goodyear’s independent lead director, will become the non-executive chair.