A chairman will remain a chairman, Goodyear

A chairman will remain a chairman, GoodyearGoodyear, the tire & rubber company appointed Richard Kramer its new CEO, who shall be replacing the former CEO, Robert Keegan who will soon leave the throne but will remain the chairman of the tire manufacturer.

The U. S. based tire manufacturer, the king amongst all, is in continuity now after giving a good fight to come back to normal profits mode when the economic adversity has touched down the market and the challenges are mounting.

To make the company stand on its commitment, Mr. Keegan developed and brought in new products such as the hot-selling Assurance tire. In his rule the dynasty of tire made cut higher-costing tire-making jobs, closed underperforming plants and sold off the noncore business units.

Scaling back to the production of low end tires inclined the production of larger and more complex tires for luxury and SUV's, was Keegan's biggest achievement till date. This efficient step helped Goodyear to cross the economic adversities when the tire industry was feeling the hurt and pain of the same.

According to Mr. Keegan, Richard brought in the extensive knowledge of Goodyear, the markets, manufacturing, finance and technology, which shall take Goodyear to new heights.

Mr. Kramer has leaded the North American division's flag for 3 years. Before reaching to this level he had spent three years as executive vice president and chief financial officer.