AKRON, OH — Richard Kramer, senior vice president, strategic planning and restructuring for Goodyear Tire & Rubber, has been named executive vice president and CFO, effective June 1.
Kramer replaces Robert Tieken, who has been Goodyear’s CFO since May 1994. Tieken will retire on May 31.
“Rich is a respected leader with an outstanding background in business and finance,” said Robert Keegan, chairman and CEO. “His experience will be invaluable as our company continues its turnaround.”
Kramer, senior vice president, strategic planning and restructuring since August 2003, served as vice president of finance for Goodyear’s North American Tire business unit since July 2002. He joined the company in March 2000 as vice president, corporate finance, after 13 years with PricewaterhouseCoopers LLP.
Keegan said the timing of the appointment in an era of sharp focus on corporate governance supports Kramer’s personal focus on the importance of financial credibility and individual accountability.
Commenting on Tieken, who joined Goodyear after a 32-year career with General Electric Co., Keegan said: “Through his knowledge and experience, Bob has contributed significantly to Goodyear. We wish Bob and his wife Pat all the best as they enter this new era of their life.”
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