Goodyear Names Stellantis’ Stewart as CEO After Elliott Push (3)

Goodyear Tire & Rubber Co. named Stellantis NV executive Mark Stewart as chief executive officer following a pressure campaign by shareholder activist Elliott Investment Management.

Stewart will take over for CEO Richard Kramer and join the tire maker’s board on Jan. 29, the company said Thursday in a statement. Laurette Koellner, Goodyear’s independent lead director, will become the non-executive chair.

Mark Stewart

Photographer: Jeff Kowalsky/Bloomberg

Stewart’s hiring, which confirmed an earlier report by Bloomberg News, comes after the company said in November that Kramer would be retiring after 14 years in the top spot.

The Akron, Ohio-based manufacturer initiated a review ...