Kramer is Goodyear’s President & CEO

AKRON, OHIO: Richard J. Kramer took the wheel of North America’s leading tire maker today as he became president and chief executive officer of The Goodyear Tire & Rubber Company. Robert J. Keegan, Kramer’s predecessor, remains with the company as executive chairman. Kramer becomes the 19th person to lead Goodyear as president or CEO since its founding in 1898. Speaking at Goodyear’s 2010 Annual Shareholder Meeting today, Kramer expressed his excitement “not only for the opportunity to lead this great company,” but also to participate in the tire industry, which he described as one of very few industries that has been and remains a growth industry after more than 100 years. “I am privileged to lead a team whose dedication to Goodyear and commitment to success is second to none,” he said. Kramer thanked Keegan and the Board of Directors for their confidence in electing him to lead the company. “I am proud to assume the role of CEO as Bob Keegan’s successor. With that pride, and appreciation to Bob and the Board for their confidence in me as your new president and CEO, I now look forward with enthusiasm and optimism to the future prospects of Goodyear, building from the foundation established by my predecessor,” he said.