The Goodyear Tire & Rubber Company announced that Richard J. Kramer has informed the Board of his plans to retire as Chairman, CEO and President of the Company in 2024. In connection with Kramer's planned retirement previously discussed with the Board as part of the Company's ongoing and active succession planning process, the Goodyear Board retained a leading executive search firm to execute a search considering both internal and external candidates. During his tenure as CEO, Kramer led Goodyear's evolution into a technology-driven mobility company and fortified the Company's position as a leader in the global tire industry.

Under his leadership, Goodyear delivered the five higher years of annual segment operating income in the Company's history. He also led a transformation of the business to fully fund and de-risk its pension plans, reduce costs, streamline manufacturing and invest for growth. Notably, Kramer guided the Company through the COVID-19 pandemic and led Goodyear's largest-ever acquisition ?

Cooper Tire ? in 2021.