Goodyear chairman Keegan announces retirement

Jan. 1, 2020
Robert J. Keegan is retiring as Goodyear?s chairman of the board. President and CEO Richard J. Kramer will assume the chairmanship on Oct. 1.

Robert J. Keegan is retiring as Goodyear’s chairman of the board. President and CEO Richard J. Kramer will assume the chairmanship on Oct. 1.

“I can retire with confidence, knowing that Goodyear is in good hands,” says Keegan. “Rich has clearly demonstrated his ability to lead the company into the future.”

“This is the next step and a natural evolution of the well-thought-out and orderly succession plan,” notes James C. Boland, the company’s lead director. “Bob Keegan agreed to stay on as executive chairman earlier this year to assist with the transition,” he explains. “Both Bob and the board felt that the time is right to complete the process.”

Keegan, 63, joined Goodyear in 2000 as chief operating officer, rising to chairman, president and CEO in 2003.

Kramer, 46, succeeded Keegan as president and CEO in April of this year. Since coming to the company in 2000, Kramer has served as vice president of corporate finance, senior vice president of strategy, chief financial officer, president of the North American tire division and chief operating officer.

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