Goodyear: “Reviewing Elliott’s recommendations”

Following the publication of an incediary open letter from shareholder Elliot Investment Management suggesting radical changes at Goodyear, executives at the company’s Akron, Ohio headquarters have released a statement confirming that they are “reviewing Elliott’s recommendations” and “intend to meet with them to discuss their views in more detail.”

The official statement continued: “Goodyear’s Board and management team have a strong track record of making value-enhancing strategic decisions on behalf of shareholders. We regularly review the company’s strategic plan to ensure that Goodyear is best positioned to deliver strong, sustainable shareholder value.

“As part of our Strategy Roadmap, Goodyear continues to strengthen our leadership position in the global tyre industry as we advance our connected business model and innovate for the future of mobility.”