Fed’s Powell opens door to potential rate cuts at Jackson Hole
AKRON, Ohio - The Goodyear Tire & Rubber Company (NASDAQ: GT) has announced the appointment of Grégory Boucharlat as senior vice president of Global Commercial. Effective immediately, Boucharlat will join Goodyear’s senior leadership team and take charge of the strategic coordination of the company’s Commercial tire business worldwide.
Boucharlat’s new role includes the continued leadership of Goodyear’s Tires-as-a-Service (TaaS) organization, which is part of the Commercial operations. He will report directly to Goodyear’s CEO and President, Mark Stewart. The appointment comes at a crucial time as InvestingPro data shows analysts expect the company’s net income to grow this year, with earnings per share projected to reach $1.46 in 2025.
With over three decades at Goodyear, Boucharlat has played a significant role in the company’s Commercial tire business in the Europe, Middle East, and Africa (EMEA) region. His experience spans from truck tire sales to various leadership positions, such as vice president of Commercial EU. Prior to his current appointment, Boucharlat served as the vice president of TaaS, where he expanded his global perspective of Goodyear’s Commercial business.
Mark Stewart expressed his confidence in Boucharlat’s abilities, stating, "Grégory brings to this new role proven abilities to drive innovation in our business and expand his leadership responsibility. He is well-positioned to have a fast start and ensure a seamless transition for our Commercial business."
Goodyear, a global leader in tire manufacturing, employs approximately 68,000 people and operates 53 facilities across 20 countries. The company is known for its innovation, with two centers in Akron, Ohio, and Colmar-Berg, Luxembourg, dedicated to advancing technology and performance standards in the tire industry. Trading at a P/E ratio of 13.3 and price-to-book ratio of 0.65, detailed financial analysis and additional insights are available in the comprehensive Pro Research Report on InvestingPro, which covers this and 1,400+ other US equities.
Boucharlat will be based in Brussels as he undertakes his new responsibilities. This strategic move is part of Goodyear’s efforts to unify and align its global operations. This announcement is based on a press release statement from The Goodyear Tire & Rubber Company.
In other recent news, The Goodyear Tire & Rubber Company has reported its first-quarter earnings for 2025, revealing an adjusted loss per share of $0.04, which fell short of the $0.05 EPS forecast. The company’s revenue also missed expectations, totaling $4.3 billion compared to the anticipated $4.42 billion. Despite these setbacks, Goodyear achieved a net income of $115 million, largely due to a $260 million gain from the sale of its OTR business. The company is also progressing with asset sales and factory modernization efforts. In terms of product innovation, Goodyear has launched the Eagle F1 Asymmetric 6 tire, which has been recognized as the 2025 Test Winner by AutoBild Magazine. This premium summer tire is available in over 100 sizes and is compatible with popular models from BMW, Audi, Mercedes, Porsche, and Tesla. Additionally, Goodyear’s recent developments include the sale of its Dunlop business to SRI, with plans to continue manufacturing and distributing Dunlop tires in Europe through the end of the year. The company remains focused on its Goodyear Forward initiatives and aims to achieve a 10% segment operating income margin by the end of the year.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.