Goodyear gives CFO Zamarro a 7-figure award
Goodyear CFO, Christina L. Zamarro (Photo: Goodyear)
In addition to the news that Goodyear’s new CEO has been offered a $20 million-dollar year one package, effective 1 January 2024, The Goodyear Tire & Rubber Company’s board of directors compensation committee granted a “cash retention award” to Christina L. Zamarro, the firm’s executive vice president and chief financial officer.
The award means Zamarro will be eligible to receive a cash payment of $1.25 million spread out till the end of 2024. The instalment plan provides for the payment of 10 per cent of that figure on 1 July 2024, 20 per cent on 31 December 2024, 30 per cent on 1 July 2025 and 40 per cent on 31 December 2025 “subject to her continued employment with [Goodyear] through those dates.”
The stock market filings that detail the retention award don’t say what specific projects Goodyear’s board want Zamarro to attend to over the next couple of years, but they are clearly important enough to invest a seven-figure amount.
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