Goodyear Announces Leadership Changes in Finance Organization, Names New Vice President & Treasurer

June 9, 2010

AKRON, Ohio, June 9, 2010 – The Goodyear Tire & Rubber Company today announced that Damon Audia, Scott Honnold and Jenny Wang have been named to new leadership positions.

Audia, senior vice president, finance and treasurer, was elected senior vice president, finance for the company’s Asia Pacific region, which is headquartered in Shanghai, China.  Audia replaces Jenny Wang, who has accepted a new position in the company’s Asia Pacific operations.

Scott Honnold has been elected vice president and treasurer, replacing Audia.  Honnold was previously assistant treasurer, responsible for Goodyear’s capital market activities.

“Damon and Scott are strong leaders who have demonstrated the skills needed to be successful in their new assignments,” said Darren Wells, Goodyear’s executive vice president & chief financial officer.  “They each have a track record of building outstanding teams and exceptional performance.”

Pierre Cohade, president of Goodyear’s Asia Pacific region, said the appointments of Audia and Wang to new positions fortify the region’s leadership team and demonstrate its growing importance to the company’s operations.

“In Asia Pacific, Goodyear continues to achieve record-setting performance built on positive momentum achieved through volume growth, expanded brand presence and new products and continuous cost reductions,” he said.  “Damon and Jenny both are outstanding leaders whose impact to our region’s business and future will be immediate and considerable in their roles.”

Audia, 39, had been the company’s senior vice president of finance & treasurer since 2008. He previously served as vice president & treasurer since 2007.  Audia joined Goodyear in 2004 as assistant treasurer, capital markets.  Prior to that, he was with Delphi Corporation, where he served in a variety of treasury and financial leadership roles.  He joined the auto parts maker in 1998, and held several positions including director, corporate finance & capital markets.  Audia also held finance positions with General Motors Corporation, Merck & Company and Ford Motor Company.

He holds a Bachelor's degree from the University of Michigan, and a Master of Science degree in industrial administration from Carnegie Mellon University.

Honnold, 45, joined Goodyear as assistant treasurer, capital markets and risk management in 2007.  Prior to that, he was senior vice president of planning and administration for Saks Incorporated’s Department Store Group from 2003 to 2007.  He previously was the retailer’s vice president and treasurer from 1999 to 2003.  Honnold also worked as vice president and treasurer of Books-A-Million, Inc. and chief financial officer of its e-commerce division from 1997 to 1999.  Prior to that, he was vice president of corporate finance at NationsBank, where he worked from 1993 to 1997.

He earned a Bachelor of Science degree in finance from Ithaca College and a Master of Business Administration degree from Wake Forest University’s Babcock Graduate School of Management.

Goodyear is one of the world’s largest tire companies.  It employs approximately 69,000 people and manufactures its products in 57 facilities in 23 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, go to http://corporate.goodyear.com.