GOODYEAR ANNOUNCES LEADERSHIP SUCCESSION PLAN

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/17/2026

1. VRNS
2. CRWV
3. JBHT
4. TSLA
5. SCHW
6. GPRK
7. TRV
8. TFC
9. PNC
10. NEST:IN

Go back to GOODYEAR ANNOUNCES LEADERSHIP SUCCESSION PLAN

Elliott-stock Goodyear Tire gains as it seeks to shed assets, cut costs under a new CEO

November 15, 2023 7:38 AM EST

Goodyear Tire (NASDAQ: GT), a stock owned by activist hedge fund Elliott Investment Management, gained over 8% in early trading Wednesday after announcing a transformational plan that seeks to shed $2 billion in assets and reduce costs by $1 billion, among other action items. The company also announced that Richard Kramer will retire as Chairman, CEO and President of the Company in 2024.

Goodyear said after a thorough evaluation of all... More