AKRON—Goodyear’s vision is clear, and its aims precise.
What is unclear, though is who exactly will be leading the world’s third-largest tire maker toward those stated goals.
But the company—and industry—will have that answer soon. Like, within just a few months.
Richard Kramer is set to retire in 2024, closing out a 24-year career that includes 14 years as chairman, CEO and president. And Goodyear’s board of directors already is searching for a successor, retaining a “leading executive search firm” to conduct a search of candidates, both internal and external.
Kramer and the board have spoken numerous times with a search firm prior to announcing the impending vacancy publicly.
"So that process is moving forward," Kramer said during a conference call with analysts, while detailing the company's "Goodyear Forward" reorganization plan. "The board and myself, we're all committed to identifying the right successor for this role. And I will tell you, it's a thoughtful, comprehensive and timely process."
Kramer, who turned 60 on Oct. 30, two months after Goodyear celebrated its 125th anniversary, said all parties are focused on getting a new CEO in place in a timely fashion.
And he will remain at the helm until a successor is found.
“I am fully engaged in driving the successful execution of the plan and, with the support and involvement of the board, will assist with the transition when my successor is identified.”