The Goodyear Tire & Rubber Company announced that Mark Stewart, former COO of Stellantis North America, has been elected CEO and president, effective January 29, 2024.

Stewart will succeed Richard J. Kramer, who previously announced his planned retirement from the company following 24 years of service, including 14 as chairman, CEO and president.

On the effective date, Laurette T. Koellner, independent lead director of Goodyear's board since 2019, will become non-executive board chair, and Stewart will be added to the Goodyear board as a director.

Kramer will continue to serve Goodyear in an advisory capacity to ensure a smooth transition, the company said.

For more information, visit goodyear.com.