Dive Brief:

• The Goodyear Tire & Rubber Company announced the promotion of Christina Zamarro from her previous position of vice president of finance and treasury to the CFO seat, effective Jan.1, according to a company release. 
• Zamarro will be succeeding her colleague of many years, Darren R. Wells, who will  become the company’s executive vice president and chief administration officer, also effective Jan. 1, the release said. 
• The Akron, Ohio-based tire manufacturer, which recently partnered with a major online retailer, also reported that it faced ongoing challenges from persistent inflation in the third quarter as well as new headwinds from a less certain outlook in Europe and the effects of the stronger U.S. dollar, CEO Richard Kramer stated in a Oct. 31 letter to shareholders. 

Dive Insight:

Zamarro joined Goodyear in 2007 after previously being at Ford Motor Company from 1998 to 2006. She started with the company as assistant treasurer for capital markets, before working her way up to her most recent role as vice president of finance and treasurer, according to her LinkedIn profile. 

“With our financial operations in Christina's capable hands, Darren Wells will devote his full focus to leading Goodyear's business strategy and growth agenda,” said Kramer. 

 This is a pivotal time in Goodyear's history, and I look forward to continuing to partner with Darren, leveraging his deep knowledge of all aspects of our business as we chart a course to deliver Goodyear's near-term and long-term strategic objectives," Kramer said in the company statement, in regard to Zamarro’s predecessor’s role switch. 

The tire company reported a net income of $44 million for the third quarter compared to $132 million during the same period in 2021, according to an SEC filing. CEO Kramer cited the “early effects of increased prices” in the letter to shareholder’s for the dip.