AKRON, Ohio, March 14 /PRNewswire-FirstCall/-- The Goodyear Tire &
Rubber Company (NYSE: GT) today announced that Darren Wells has been
appointed senior vice president of finance and strategy for the company
effective immediately. Wells, 41, previously served as senior vice
president, business development & treasurer.
With the announced appointment of Chief Financial Officer Richard J.
Kramer to run the North American Tire Business as its president, Wells
assumes Kramer's former responsibility for the company's overall strategy
development. In addition, Wells retains his finance responsibilities, which
include treasury, investor relations, business development and tax.
Goodyear Chairman and CEO Robert J. Keegan said that until the company
names a new chief financial officer Kramer would retain responsibility for
that position along with his new assignment in North American Tire.
Simultaneously, Damon Audia has been named the company's vice president
and treasurer, replacing Wells, with the responsibility for the company's
capital markets, banking, risk management and benefits financing
"Darren has been pivotal in the finance team's design and execution of
Goodyear's complex refinancing and capital structure improvement over the
past four years," said Keegan. "That allowed the company time to
successfully implement critical elements of its strategy."
Keegan added that Wells' accomplishments under such a challenging set
of circumstances established his considerable strategic skills and makes
him well suited to work directly with him to help Goodyear develop its
"Damon was instrumental in the execution of the plans to refinance the
company and his experiences with Goodyear and previously at Delphi provide
him an ideal base for our company's requirements," Keegan said. "He's had
extensive experience in executing complex transactions for multi-national
Wells joined Goodyear in August of 2002 as vice president and
treasurer. In May of 2005 he was named senior vice president of business
development and treasurer. Prior to Goodyear he served two years as
assistant treasurer of Visteon Corporation, assisting with the spin-off
from Ford Motor Company. He worked for Ford Motor Company from 1989 until
joining Visteon in a variety of assignments including finance director for
Ford Credit, Australia. A native of Indianapolis, Wells earned a bachelor
of arts degree from DePauw University and an MBA in finance from Indiana
Audia, 36, joined Goodyear as assistant treasurer, capital markets in
December 2004 from Delphi Corporation, where he served in a variety of
treasury and financial roles. He joined Delphi as manager, Capital Planning
& Pensions Analysis in 1998, and held positions including manager, Capital
Markets; director, Capital Planning & Structured Finance; director,
Corporate Finance & Capital Markets, and product line director for the
company's Automotive Holdings Group. Prior to Delphi, Audia spent time with
General Motors, Merck and Ford Motor Company in a variety of finance
A native of Detroit, Audia holds a bachelor's degree from the
University of Michigan, and earned a Master of Science in Industrial
Administration (MBA) from Carnegie Mellon University.
Goodyear is one of the world's largest tire companies. The company
manufactures tires, engineered rubber products and chemicals in more than
90 facilities in 28 countries around the world. Goodyear employs more than
75,000 people worldwide.
SOURCE The Goodyear Tire & Rubber Company