Goodyear fires CEO amid third-quarter losses

Goodyear fired CEO and President Mark Stewart Monday, just five days after it announced its third-quarter results, which included a net loss of $238 million. In the meantime, the company appointed Roger Wood as its interim leader. Wood, 64, is a current member of the company’s board of directors, who spent two years as co-CEO of Teneco after a stint as CEO of Dana Holding Corp. In a Sunday SEC filing, Goodyear outlined the terms of Wood’s appointment, explaining that while he will continue to serve on the company s board of directors, he will not be involved with the Human Capital and Compensation Committee or the Governance Committee during his tenure. Wood will earn $310,000 per month plus a commitment of company stock, temporary housing, a vehicle, and travel allowances, among other benefits. Goodyear has iconic brands, talented people and significant opportunities to improve performance and deliver long-term value, Wood said in a press release. As I step into