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Goodyear Names Don Metzelaar Senior Vice President, Global Manufacturing and Supply Chain

PR Newswire

AKRON, Ohio, Jan. 9, 2025

AKRON, Ohio, Jan. 9, 2025 /PRNewswire/ — The Goodyear Tire & Rubber Company today announced that Don Metzelaar has been named senior vice president, Global Manufacturing and Supply Chain, reporting to Chief Executive Officer and President Mark Stewart, effective January 13.

"Manufacturing is at the core of our business, and the transformation of our manufacturing operations is central to our go-forward strategy," said Stewart. "With Don's proven record of developing, enhancing and leading global footprints, I'm confident his leadership will accelerate our manufacturing transformation and leverage our scale for operational efficiency and customer impact. I'm happy to welcome him to Team Goodyear."

Metzelaar brings more than 30 years of experience leading complex, world-class manufacturing operations. He most recently served as Chief Manufacturing Officer and Global Vice President for Johnson Controls International, where he was instrumental in transforming manufacturing processes with a focus on factory flows and systems integration.

Prior to Johnson Controls, he served in operations leadership roles at Whirlpool Corporation, Honeywell International and Motorola.

As senior vice president, Global Manufacturing and Supply Chain, Metzelaar will lead Goodyear's Global Operations, which includes global and regional Manufacturing, Supply Chain, Environmental, Health & Safety, Business Continuity, Manufacturing Engineering and Quality, optimizing product planning, enabling product lifecycle management and maintaining our high standards of quality and safety.

About The Goodyear Tire & Rubber Company

Goodyear is one of the world's largest tire companies. It employs about 71,000 people and manufactures its products in 54 facilities in 21 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate.

MEDIA CONTACT:

DOUG GRASSIAN

330.796.3855

DOUG_GRASSIAN@GOODYEAR.COM

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SOURCE The Goodyear Tire & Rubber Company

Goodyear Tire & Rubber said late Tuesday that it has agreed to sell its Dunlop brand to Sumitomo Rubber Industries for $701 million in cash at closing.

The deal includes trademarks and intangible assets required for consumer, commercial, and other specialty tire operations in Europe, North America and Oceania, as well as related intellectual property, Goodyear said.

Goodyear said it will license back Dunlop trademarks for use on truck tires while retaining rights to Dunlop trademarks for use of motorcycle tires in Europe and Oceania.

Goodyear said a transition license agreement allows the company to continue manufacturing, selling, and distributing Dunlop-branded consumer tires in Europe through Dec. 31, subject to a potential extension.

Goodyear said that under a transition offtake agreement, it will supply Sumitomo with certain Dunlop-branded tires in Europe for a five-year period.

Goodyear said it does not expect the deal to have a material impact on its segment operating income through the term of the transition license deal but expects $65 million in annual reduction in segment operating income during the term of the transition offtake agreement.

Goodyear said net proceeds would be used to reduce the company's leverage and fund its strategic initiatives.

The deal is expected to be completed by mid-2025.

Shares of Goodyear were up more than 1% in recent Wednesday premarket activity.