Management ChangeOct 27, 2026, 04:36 PM
Goodyear Appoints Jerome J. Rouquet as New CFO
AI Summary
The Goodyear Tire & Rubber Company announced a significant leadership change with Jerome J. Rouquet set to become the new Executive Vice President and Chief Financial Officer starting December 1, 2026. He will succeed Scott M. Deakin, who will continue in an interim capacity until November 30, 2026. Rouquet's compensation package includes a $900,000 base salary, a $900,000 target annual incentive, and substantial long-term incentives totaling $3,200,000, along with significant one-time cash and equity awards. He will also join the company's executive severance and benefit plans.
Key Highlights
- Jerome J. Rouquet appointed Executive Vice President and Chief Financial Officer, effective December 1, 2026.
- Scott M. Deakin to continue as Interim EVP and CFO through November 30, 2026.
- Rouquet's annual base salary set at $900,000, with a target annual incentive of $900,000.
- Long-term incentive award valued at $3,200,000, including Performance Share Units, Executive Performance Units, and Restricted Stock Units.
- Receives a one-time cash payment of $2,500,000 on March 15, 2027.
- Receives a one-time Restricted Stock Unit award of $2,600,000 vesting March 1, 2028.
- Receives a one-time Restricted Stock Unit award of $960,000 vesting March 1, 2029.
- Will participate in Executive Severance and Change in Control Plan with a 1.5x severance multiple.
Price Impact
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