AKRON (May 27, 2004) — Robert Tieken, Goodyear's chief financial officer since 1994, will retire May 31 and be replaced by Richard Kramer, senior vice president, strategic planning and restructuring.
Mr. Tieken, 65, joined Goodyear in May 1994 after 32 years with General Electric Co.
Mr. Kramer, 40, will be executive vice president and CFO effective June 1. He was named to his most recent post in August 2003. Prior to that, he was vice president of finance for the company's North American Tire unit. Mr. Kramer joined Goodyear in March 2000 after 13 years with accounting firm PricewaterhouseCoopers L.L.P.
Goodyear Chairman and CEO Robert J. Keegan said in a statement that Mr. Kramer shares the company's focus on financial credibility and individual accountability.
“Rich is a believer in thorough processes and individual responsibility as it relates to a continual improvement of the company's reputation and credibility,” he said.
Earlier this month, Goodyear reported final restatements of past earnings of $280.8 million.