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You are here: Home1 / Darren Wells

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Goodyear reports Q2 net loss of US$696 million

Company News, International News
Goodyear

Goodyear Tire & Rubber reported a Q2 2020 net loss of $696 million ($2.97 per share) compared to net income of $54 million ($0.23 per share) a year ago in financial results released 31 July 2020. Goodyear’s second quarter 2020 sales were $2.1 billion, down 41 per cent compared with a year ago. According to the company, the decline was driven by “lower industry volume and reduced sales from other tyre-related businesses.” However, there are signs that demand is improving.

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Related news:

  1. Goodyear defers dividend as volumes drop 18% in Q1 2020
  2. Goodyear suggests tyre label incentives, mandatory truck TPMS
  3. Goodyear reaffirms 2015 targets with ‘strong’ 2Q results, despite EMEA troubles
  4. 50% drop in tyre sales in Q2 – Goodyear
4th August 2020/by Chris

Goodyear names Zamarro VP of Finance & treasurer

Career Tracks
The Goodyear Tire & Rubber Company

Christina Zamarro has been appointed Goodyear Tire & Rubber Company’s vice president of Finance and treasurer. She succeeds Peter R. Rapin, who steps down from the role tomorrow ahead of his retirement on 1 October 2020. In her new role, Zamarro reports to Darren R. Wells, the tyre maker’s executive vice president and chief financial officer.

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Related news:

  1. Darren Wells back at Goodyear as CFO
  2. Goodyear announces Germany savings, plans for similar measures in USA
  3. Goodyear defers dividend as volumes drop 18% in Q1 2020
  4. Goodyear’s McClellan to chair USTMA board
30th April 2020/by Stephen

Goodyear defers dividend as volumes drop 18% in Q1 2020

Company News

Preliminary results for the first quarter of The Goodyear Tire Rubber Company’s 2020 financial year were published today, with the company confirming its fiscal performance during the three months to 31 March was “greatly affected by the economic disruption associated with the COVID-19 pandemic.” Tyre unit volumes declined 18 per cent year-on-year to approximately 31 million units and sales dropped 16.7 per cent to around US$3.0 billion.

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Related news:

  1. Goodyear reaffirms 2015 targets with ‘strong’ 2Q results, despite EMEA troubles
  2. Goodyear: Q3 2018 results
  3. Goodyear reports Q2 net loss of US$696 million
  4. Goodyear suspends European tyre production in response to Covid-19
16th April 2020/by Stephen

Goodyear announces Germany savings, plans for similar measures in USA

Company News, International News

Goodyear Tire & Rubber says its decision to modernise two tyre factories in Germany, and in doing so lay off around 1,100 workers, will cut the tyre maker’s costs by US$60 million to $70 million a year. Chief financial officer Darren Wells anticipates that Goodyear will feel the “full benefit” of these additional earnings by 2022.

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Related news:

  1. Goodyear Dunlop names Jürgen Titz DACH region group managing director
  2. Goodyear awarded for safety improvement practices
  3. U.S. Senator to Goodyear: Workers are ‘tired of this corporate race to the bottom’
  4. Goodyear closing Gadsden, USA plant
5th August 2019/by Stephen

Darren Wells back at Goodyear as CFO

Career Tracks

A familiar face has returned to Goodyear Tire & Rubber. As of 20 September, Darren R. Wells is back with the tyre maker as executive vice-president and chief financial officer – a position he held between 2008 and 2013. He succeeds Laura Thompson, who in June announced her intention to retire in the first quarter of 2019 following a 35-year career with the company.

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Related news:

  1. Goodyear names Zamarro VP of Finance & treasurer
  2. Goodyear announces Germany savings, plans for similar measures in USA
  3. Goodyear defers dividend as volumes drop 18% in Q1 2020
  4. Goodyear names new SVP, general counsel
24th September 2018/by Stephen

Darren Wells sells $1M of Goodyear shares

Company News

Goodyear Tire & Rubber’s Darren Wells has sold 30,914 shares in the tyre maker for US$1,039,019.54. Wells, who steps down as president of the company’s Rubber’s EMEA business on 1 January ahead of leaving Goodyear early on in 2016, now directly owns 85,808 shares in Goodyear Tire & Rubber.

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Related news:

  1. Goodyear reintroduces shareholder dividends
  2. Goodyear declares dividend on 5.875% preferred stock
  3. Mandatory conversion for Goodyear preferred stock
  4. Goodyear declares dividend on common stock
14th December 2015/by Tyrepress Editors

Kihn to replace Wells as Goodyear’s EMEA president

Career Tracks, Premium

Jean-Claude Kihn has been named president of Goodyear Tire & Rubber’s Europe, Middle East and Africa business. The president of the Latin America business will fully assume his new role on 1 January 2016, succeeding Darren R. Wells, who will leave Goodyear in early 2016.

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Related news:

  1. Astronomical salaries – merely paid or actually earned?
  2. Goodyear suggests tyre label incentives, mandatory truck TPMS
  3. Goodyear reveals spherical concept tyre at Geneva Motor Show
  4. Goodyear opens Luxembourg Tire Test Laboratory
1st December 2015/by Tyrepress Editors

Tyres & football: Goodyear becomes Bayern Munich platinum partner

Company News, International News

Top-level football has become a sponsorship favourite for tyre makers, with Nexen’s partnership with Manchester City and Yokohama’s sponsorship of the Chelsea home shirt just two of the agreements announced in the second half of 2015, But the Goodyear name has been absent from such dealings for quite a while. This is now set to change following yesterday’s signing of a platinum sponsorship partnership with high-profile German club FC Bayern Munich.

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  1. Goodyear Dunlop names Jürgen Titz DACH region group managing director
  2. Goodyear sponsors Pro Football Hall of Fame: video
  3. Apollo a Man U regional partner
  4. Goodyear announces Germany savings, plans for similar measures in USA
26th November 2015/by Tyrepress Editors

Goodyear Dunlop names Jürgen Titz DACH region group managing director

Company News, International News

Jürgen Titz, who served as UK and Ireland director of consumer replacement tyres at Goodyear Dunlop between 2009 and 2013, has been appointed the new head of Goodyear Dunlop Tires Germany. He begins as group managing director of Goodyear Dunlop’s DACH (Germany, Austria, Switzerland) organisation on 1 June, succeeding George Rietbergen, who held the post since 1 August 2013 and will now, according to a statement released by Goodyear Dunlop Tires Europe president Darren Wells, “follow a new career outside the company.”

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Related news:

  1. Family affair – Jürgen Titz replaces brother in Goodyear ‘DACH’ role
  2. Tyres & football: Goodyear becomes Bayern Munich platinum partner
  3. Goodyear, union agree terms for closure of Philippsburg factory in Germany
  4. Goodyear announces Germany savings, plans for similar measures in USA
29th May 2015/by Tyrepress Editors

Goodyear suggests tyre label incentives, mandatory truck TPMS

Company News, Premium

Goodyear today published a whitepaper culminating in recommendations including incentives for truck fleets to purchase high label-rated tyres and the mandatory fitment of TPMS in commercial vehicles in a way similar current rules for passenger cars. Other recommendations include: offering incentives for fuel efficient fleets; clarity on reforms to rules related to weights and dimensions of commercial vehicles; further guidelines on cross-border operations of larger vehicles; more support to make the most from new telematics technology like harmonized standards for telematics; and extra support from regulators to the road fleet sector to attract and retain skilled drivers.

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Related news:

  1. Goodyear aggressively pursuing leading position in UK truck tyre market
  2. Goodyear Dunlop Wolverhampton retread plant closure: history and reaction
  3. Goodyear Dunlop Tyres UK MD on proposed closure of Wolverhampton plant
  4. Goodyear retreads to launch alongside new tyre lines
14th October 2014/by Tyrepress Editors

Arthur de Bok now CEO of Mediq

Career Tracks

Goodyear Dunlop’s former EMEA region president Arthur de Bok is now CEO and chairman of Dutch medical device company Mediq’s Management Board. He commenced in this role on 1 April. Announcing de Bok’s appointment, chairman of the company’s Supervisory Board, Rob ter Haar, commented that the board and management were “enthusiastic” about him taking the position. “We are convinced that Arthur, with his extensive experience, is the right person to help Mediq respond to this development and extend Mediq’s lead in this field,” he said.

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  1. Best-Ever Result for Dunlop Germany
  2. The Long and the Short of It
  3. Goodyear Dunlop EMEA Announces Management Reshuffle
  4. Bill Hall passes away
14th April 2014/by Tyrepress Editors

New Goodyear European president Darren Wells lands in Geneva

Company News
New Goodyear EMEA president Darren Wells

Top-ranking Goodyear executive Darren Wells was parachuted into the leadership of Goodyear Dunlop Europe Middle East and Africa EMEA in October 2013. Having come from the position of Goodyear global CFO, the move was pitched as something of a reshuffle of the company’s global leadership. Set against the backdrop of the recent Geneva motorshow, Tyres & Accessories talked profitability, strategy and efficiency with the newly installed president.

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  1. TAFF Awards 2013 final line-up
  2. Nexen aiming for US$2.5 billion sales by 2015
  3. Russia a growing part of Pirelli’s business?
  4. Pension, Labour Issues Weigh on Goodyear Credit
21st March 2014/by Tyrepress Editors

Goodyear’s Fioroni promoted

News

Goodyear Tire & Rubber has promoted Roberto Fioroni to vice president and general auditor, effective August 1. Currently finance director for Goodyear’s Eastern Europe, Middle East and Africa operations, Fioroni replaces Rich Pegher, who left the company to pursue other opportunities. In his new position, Fioroni will report to executive vice president and CFO Darren Wells and remain part of the Goodyear’s global finance leadership team.

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Related news:

  1. Goodyear Dunlop Signs European Road Safety Charter
  2. Goodyear Europe Appoints New Truck Tyre Technology Director
  3. US Appointments: Toyo Names CFO, New CIO at Goodyear
  4. Goodyear Innovation Center names Jean-Pierre Jeusette general director
21st July 2011/by Tyrepress Editors

Goodyear Appoints Finance Execs

News

Tire Review reports that Goodyear has named Damon Audia, Scott Honnold and Jenny Wang to new leadership positions. Audia, senior vice president of finance and treasurer, was elected senior vice president of 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. Honnold has been elected vice president and treasurer, replacing Audia. Honnold was previously assistant treasurer, responsible for Goodyear’s capital market activities.

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Related news:

  1. Goodyear Names New Vice President & Treasurer
  2. Wang Takes on Cooper Kenda Controller Role
  3. Aldo Pagliari to Take Over as Snap-on CFO
  4. Dan Smytka to replace Pierre Cohade as head of Goodyear Asia Pacific business
11th June 2010/by Tyrepress Editors

Goodyear’s Wells Honoured as a Top ‘Under 40’ Finance Executive

Product News

Darren Wells, vice president and treasurer of The Goodyear Tire & Rubber Company, has been recognised by Treasury & Risk Management magazine as one of the nation’s top finance executives under the age of 40. Wells’ responsibilities include Goodyear’s financial risk management, treasury policy, and the company’s relationships with the banking community. He was one of the key participants in renegotiating the company’s credit agreements in early 2003.

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Related news:

  1. Goodyear – a Highly Admired US Company
  2. Emphasising the “Good” in Goodyear
  3. Vredestein Sportrac 2 Tops Auto Express Test
  4. Goodyear Extends Maturities, Reduces Interest Rates
14th November 2003/by Tyrepress Editors
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