Goodyear Has Reached A Record Low – Hopes Are Placed In Keegan

It’s been official since October 1st: Robert (‘Bob’) Keegan (55), who left Kodak as President and COO to join Goodyear two years ago, will be replacing Samir (‘Sam’) Gibara (63) as from 1st January 2003, to become the new CEO, just under one year earlier than planned. Gibara will remain Chairman, a position comparable to that of Chairman of the Board in a European public limited company, and he will be chairing the executive committee, which will assist and advise Keegan. From official statements it is clear that this committee does not and will not serve to purely oversee operations, but fully intends to exercise the right of offering advice and of intervening actively in the running of the corporation.