ERJ staff report (DS)
Akron Ohio -- Richard Kramer has been elected chief executive officer and president of The Goodyear Tire & Rubber Company, effective 13 April, 2010. He replaces Robert Keegan who will remain as executive chairman of the board. Kramer was also elected a member of the company's board of directors. The move is being presented as the, "anticipated culmination of a well thought out succession plan.â€
Kramer, 46, who was named chief operating officer in June 2009, spent the previous three years successfully leading the company's North American Tire business with a focus on customers and new product and process innovation. Prior to his North America assignment, he spent three years as executive vice president and chief financial officer.
â€œOne of the keys to Bob Keegan's success was his ability to attract and develop an impressive leadership team,â€ said James Boland, Goodyear's lead director. â€œThrough Bob's mentoring of Rich Kramer over the past nine years, the close partnership that developed as they jointly created the company's strategy."
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Press release from Goodyear