AKRON-Stanley C. Gault could be sticking around Goodyear as chairman even after his planned retirement from the CEO post at the end of this year. Mr. Gault has said he will continue as a Goodyear director after his retire-ment, and in a Nov. 1 Akron Beacon Journal article he stressed that it's up to the board whether he remains chairman.
He also said he would serve as a full-time associate, according to the Wall Street Journal.
A Goodyear spokesman agreed the board would decide whether Mr. Gault stays as chairman, but could not confirm Mr. Gault's comments in either paper.
Mr. Gault couldn't be reached for comment.
His continuation as chairman would not surprise analyst Harry Millis of Fundamental Research Inc. He said Mr. Gault as chairman for an additional six to 12 months ``would make for a more orderly transition.''
The CEO's most likely successor, Samir Gibara, only was named Goodyear's president and chief operating officer in April, replacing Hoyt M. Wells.
Despite expectations, Mr. Gault's retirement as CEO in December is not guaranteed. If the transition is delayed, Mr. Millis still expects Mr. Gibara to take over eventually, but the delay could cause candidates for president and other positions to leave the company for other opportunities.
Goodyear already has lost capable executives because it did not start moving forward, according to the analyst. ``I at least hope they pass on the CEO mantle.''
``I think now is a good time for an orderly transition,'' he said.