AKRON, Ohio -- In his address at the Goodyear Tire & Rubber Co.'s Annual Shareholder Meeting yesterday, Chairman and CEO Richard Kramer said he is confident in Goodyear's strategy and believes the company is well-positioned to achieve its goals.

Kramer said he is pleased with Goodyear's 2010 performance, which exceeded the company's targets. The company's financial results reflected significant improvement in all four regional tire businesses, most notably North American Tire's return to profitability, he said.

These accomplishments, Kramer said, "are evidence of our positive momentum and give us confidence that, in 2011, we will continue to strengthen our leadership position in the industry."

Kramer added that Goodyear will accomplish this by being first with customers, the leader in targeted market segments and the leader in innovation.

"As confident as I am in our strategies and plans, there's a critical element that brings them to life. That's our team. From management to the shop floor, the men and women around the world who represent The Goodyear Tire & Rubber Co. form the best team in the industry," Kramer added. "Our customers, consumers, suppliers and shareholders deserve nothing less. Because of the passion, talent and strength of these 72,000 associates, I continue to look forward with enthusiasm and optimism to a bright future for Goodyear."