Goodyear Tire & Rubber names CFO

The Goodyear Tire & Rubber Company (NASDAQ: GT) has announced the appointment of Darren R. Wells as Executive Vice President and Chief Financial Officer, the company said.

Wells, 52, returns to the company he joined in 2002 as vice president and treasurer. He progressed through a series of finance leadership roles and served as executive vice president and chief financial officer for five years from 2008-2013. Among his many contributions, Wells was the architect of the company´s capital allocation plan, the freezing and funding of its US pension plans as well as the groundbreaking VEBA agreement with the United Steelworkers union for post-retirement healthcare obligations.

Wells later served as president of Goodyear´s Europe, Middle East and Africa (EMEA) business for two years before leaving the company in early 2016. He is currently Executive in Residence and MBA Coach at the University of South Florida´s Muma College of Business.

Goodyear is one of the world´s largest tire companies. It employs about 64,000 people and manufactures its products in 48 facilities in 22 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.