Key customers — 19% of revenue (2025)
“Although sales to our OE customers accounted for approximately 19% of our net sales in 2025, demand for our products by OE customers and production levels at our facilities are impacted by automotive vehicle production.”
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The Goodyear Tire & Rubber Company called for redemption of $700 million in aggregate principal amount of its outstanding 4.875% Senior Notes Due 2027 on December 15, 2026. The redemption price will equal 100% of the principal amount redeemed plus accrued and unpaid interest through that date.
Effective November 8, 2026, The Goodyear Tire & Rubber Company appointed Roger J. Wood as interim chief executive officer and president, replacing Mark W. Stewart, while conducting a search for a permanent successor.
Goodyear established a transformation office to improve structural profitability, capital efficiency, manufacturing alignment and sustainable positive free cash flow; it will provide an update at the next quarterly earnings call.
The Goodyear Tire & Rubber Company elected David E. Phillips as Executive Vice President, Chief Legal Officer and Head of Enterprise Transformation effective November 1, 2026, with an annual base salary of $850,000.
Goodyear reported third-quarter net sales of $4,540 million and a $238 million net loss as tire unit shipments fell 3.3%; segment operating income dropped 39.4% to $174 million.
The Goodyear Tire & Rubber Company reported third quarter 2026 net sales of $4.5 billion, a net loss of $238 million and adjusted net loss of $31 million; segment operating income was $174 million, and a dedicated transformation office was established.
Goodyear appointed Jerome J. Rouquet CFO effective December 1, 2026, with $900,000 salary, $900,000 target incentive, $3,200,000 long-term award, $2,500,000 cash payment, $2,600,000 and $700,000 restricted stock unit awards, and 1.5x severance.
The Goodyear Tire & Rubber Company approved compensation for Stephen F. Shamrock, elected Vice President and Controller effective October 16, 2026: a $375,000 annual base salary, $225,000 target annual incentive, and a $220,000 long-term incentive grant.
The Goodyear Tire & Rubber Company named Stephen F. Shamrock Vice President and Controller and principal accounting officer effective October 16, 2026, succeeding Margaret V. Snyder, who resigned to pursue another opportunity.
Goodyear approved closing chemical manufacturing facilities in Niagara Falls and Bayport, with approximately 85 job reductions. It estimates $55 million to $75 million in pre-tax charges and expects $15 million to $20 million in annual improvements beginning in 2027.
