Goodyear Tire & Rubber elected Joe Hinrichs as chairman of its Board of Directors, replacing Laurette Koellner. Hinrichs previously served as CEO of CSX Corporation and held senior executive roles at Ford Motor Company, bringing operating experience from complex industrial groups to a tire maker with a market cap of about $1.4 billion. The boardroom shift comes as Goodyear pursues cost cuts, a tilt toward premium tires and a cleaner balance sheet under its Goodyear Forward program, set against pressure from low cost rivals, tariffs and weak commercial volumes. Investors will watch whether the new chair translates boardroom priorities into financial traction after the Q1 2026 loss of about US$249 million and Q2 2026 loss of US$204 million, with updates expected through 2027 on Goodyear Forward cost savings, progress on the Fayetteville closure and tire volume trends by region and segment.
Goodyear Tire & Rubber CoBoard elects Joe Hinrichs as chairman to steer Goodyear Forward cost cuts and premium-tire tilt amid low-cost rivals, tariffs and weak commercial volumes.
CSX Corporation
Ford Motor Company