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Kramer to head Goodyear NA Tire.

Goodyear Tire & Rubber appointed Richard J. Kramer president of the company's North American Tire unit. Kramer succeeds Jonathan D. Rich. Currently executive vice president and chief financial officer for Goodyear, Kramer, 43, also will continue as CFO until the company names a replacement.

Kramer joined Goodyear in March of 2000 and was elected an officer of the company as vice president, corporate finance. In May of 2004, Kramer became chief financial officer.

"Rich Kramer has demonstrated outstanding business leadership at every level in his career and has earned the respect of his peers, his associates and Wall Street," said Robert J. Keegan, Goodyear chairman and chief executive officer. "Rich became our chief financial officer under very challenging circumstances, made courageous value-creating decisions, recruited top talent and built a strong finance team."

Keegan said that in Kramer's time in North American Tire as that business's chief financial officer, he helped build the business platforms for the company's improvement. "He knows the business, knows the customers and understands the challenges," Keegan said. "I believe Rich is the ideal leader to take the North American Tire business to the next level of performance."

A native of Cleveland, OH, Kramer received a bachelor of science in business administration degree from John Carroll University in Cleveland in 1986. Prior to joining Goodyear, he spent 13 years with PricewaterhouseCoopers.
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Title Annotation:People in the News
Publication:Rubber World
Date:May 1, 2007
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