Goodyear Sales Fall 4.8% as Deakin Continues as Interim CFO
Key Facts
Goodyear’s second-quarter 2026 results showed net sales down 4.8% year over year to $4.3 billion and a 1.4% organic decline, driven by lower volume, the company said. In an earlier disclosure dated June 26, Goodyear said Christina Zamarro would leave the company on July 10 to accept another opportunity, and that Scott Deakin would become interim chief financial officer effective July 1. The company said it was searching for Zamarro’s permanent successor, while the open official disclosure did not confirm Jerome Roquet’s appointment to the role. Roquet’s name had appeared in a circulated report about his taking the post on December 1, 2026, but that date was not included in the cited official disclosure. The finance leadership change comes during a transition period that began with Zamarro’s departure and Deakin’s interim appointment, as the company faces declines in sales and volume.
Tire unit volume totaled 36.5 million in the second quarter, down 4% from the same period a year earlier, according to Goodyear data. The decline was less severe than the 12% drop recorded in the first quarter, reflecting an improvement in the pace of contraction between the two periods. The company attributed the improvement to easing inventory-reduction pressures and greater market stability. Still, volume remained below year-earlier levels, coinciding with a decline in net sales during the quarter. The quarterly comparison shows the pace of contraction moderating, while sales and volume remained under annual pressure.
Chief Executive Mark Stewart said second-quarter results were “in line with our expectations,” pointing to continued improvement in Asia Pacific and Europe, the Middle East and Africa. He added that the company aims to strengthen its products and improve its manufacturing footprint to pursue stronger profitability over time. These priorities link product development with changes to the manufacturing network as the company reports declines in sales and volume. Stewart also said, in the context of Deakin’s interim appointment, that he is “well positioned to provide continuity in the company’s financial leadership.” The comments place management continuity and operational improvement among the priorities announced by management, without the company attributing a specific permanent appointment to those goals.
Goodyear said its Goodyear Forward program delivered $95 million in benefits during the second quarter of 2026. It also said measures to improve its manufacturing network are under way, and that a recently announced action is expected to generate about $270 million in annual savings beginning in 2028. The expected savings extend beyond the current quarterly results, while the realized benefits are specific to the second quarter. The company links improving its manufacturing footprint with its pursuit of stronger profitability over the longer term. These figures provide context for the operating plans management presented alongside the results announcement.
According to its June 26, 2026, statement, Goodyear employs about 63,000 people and manufactures its products at 49 facilities across 19 countries. This footprint gives an international scale to the manufacturing operations that management said it is working to improve, without the statement identifying which facilities would be affected by the measures. Roquet’s professional background includes senior finance roles at Federal-Mogul, where he served as chief financial officer from January 2016 to September 2018. In December 2019, Visteon announced his appointment as senior vice president of finance and chief financial officer, effective after it filed its 2019 financial statements with the Securities and Exchange Commission. These positions demonstrate his experience in the auto parts industry, but do not change what Goodyear’s open disclosure specified about Deakin as interim chief financial officer.
In trading, Goodyear shares closed at $4.31 on October 26, 2026, after moving between $4.20 and $4.33 during the session, according to historical data from S&P Global Market Intelligence. These prices provide a snapshot of one session; the source data do not compare the stock’s movement in other sessions or identify a specific response to a finance leadership appointment announcement. According to the company’s disclosure, Deakin took the interim role on July 1 following Zamarro’s departure on July 10, while the search for a permanent chief financial officer continued. The disclosure did not specify an announced date for selecting a permanent successor. Operationally, Goodyear says expected savings from improving its manufacturing network will reach about $270 million annually beginning in 2028.