GOODYEAR TIRE & RUBBER CO /OH/

AKRON, Ohio, Nov. 9, 2026 — The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that

Roger Wood, a current member of the company's board of directors, has been appointed interim chief

executive officer. Wood will lead the company while the board conducts a search for a permanent successor

with a leading executive search firm. Mark Stewart will step down as chief executive officer and president and

from the company's board of directors effective immediately.

A special committee of the board, formed earlier this year, has been conducting a strategic review of the

company’s businesses and operations focused on identifying opportunities to strengthen performance and

drive shareholder value. The board and the company are continuing that work by evaluating a broad range of

strategic and operational initiatives, including further optimizing the company’s business mix and footprint,

improving efficiency and investing in new products and capabilities that support long-term growth. The

company does not intend to provide further updates unless and until the board determines that additional

disclosure is appropriate or required.

“Goodyear has made meaningful progress in becoming a more efficient and focused company, and the board

believes this is the right moment to transition leadership to accelerate that progress and capture additional

opportunity,” said Goodyear Board of Directors Chair Joe Hinrichs. “Roger brings extensive automotive and

industrial CEO experience, deep operational expertise and strong relationships across OEMs and aftermarket

customers. He knows Goodyear, understands the opportunities ahead and has the board’s full confidence to

bring heightened focus and urgency to execution while we conduct a thorough search for a permanent CEO.

We thank Mark for his contributions to Goodyear.”

“The board formed a special committee earlier this year to conduct a rigorous strategic review of the company

to help strengthen performance and create shareholder value,” Hinrichs continued. “The board, together with

the Enterprise Transformation Office is evaluating a broad range of strategic and operational opportunities, and

we are committed to taking the right actions to position Goodyear for stronger performance and long-term

success. We look forward to providing an update as this work progresses.”

“Goodyear has iconic brands, talented people and significant opportunities to improve performance and deliver

long-term value,” said Wood. “As I step into this role, my immediate priorities are to support our associates and

customers, sharpen execution, and build on the work already underway to advance Goodyear’s transformation.

I look forward to working closely with the board, leadership team and the Enterprise Transformation Office to

advance the strategic review and translate that work into actions that strengthen performance and position

Goodyear for long-term success.”

Wood has served on Goodyear's board since 2023 and brings more than three decades of leadership

experience in the automotive and manufacturing industries. He previously served as co-chief executive officer

of Tenneco Inc., a global automotive designer, manufacturer and distributor providing clean air, powertrain and

ride performance systems for original equipment and aftermarket customers. He also serves on the boards of

PHINIA Incorporated and Brunswick Corporation.

In connection with his appointment as interim chief executive officer, Wood is stepping down from his position

as chair of the board's human capital & compensation committee.

Chief Financial Officer Appointment

Separately, Goodyear announced on October 27, 2026, that Jerome Rouquet will join as executive vice

president and chief financial officer, effective December 1, 2026. Rouquet, who currently serves as chief

financial officer of Visteon Corporation and previously held senior finance leadership roles at Tenneco and

Federal-Mogul, will succeed interim Chief Financial Officer Scott Deakin, who will support a seamless leadership

transition.

Forward-Looking Statements

Certain information contained in this news release constitutes forward-looking statements for purposes of the

safe harbor provisions of The Private Securities Litigation Reform Act of 1995. There are a variety of factors,

many of which are beyond our control, that affect our operations, performance, business strategy and results

and could cause our actual results and experience to differ materially from the assumptions, expectations and

objectives expressed in any forward-looking statements. These factors include, but are not limited to: our ability

to implement successfully our strategic initiatives; actions and initiatives taken by both current and potential

competitors; increases in the prices paid for raw materials and energy; inflationary cost pressures; delays or

disruptions in our supply chain or the provision of services to us; a prolonged economic downturn or period of

economic uncertainty; deteriorating economic conditions or an inability to access capital markets; a labor strike,

work stoppage, labor shortage or other similar event; financial difficulties, work stoppages, labor shortages or

supply disruptions at our suppliers or customers; the adequacy of our capital expenditures; changes in tariffs,

trade agreements or trade restrictions; foreign currency translation and transaction risks; our failure to comply

with a material covenant in our debt obligations; potential adverse consequences of litigation involving the

company; as well as the effects of more general factors such as changes in general market, economic or

political conditions or in legislation, regulation or public policy. Additional factors are discussed in our filings

with the Securities and Exchange Commission, including our annual report on Form 10-K, quarterly reports on

Form 10-Q and current reports on Form 8-K. In addition, any forward-looking statements represent our

estimates only as of today and should not be relied upon as representing our estimates as of any subsequent

date. While we may elect to update forward-looking statements at some point in the future, we specifically

disclaim any obligation to do so, even if our estimates change.