Goodyear Names Darren Wells SVP of Finance and Strategy; Damon Audia Named Vice President, Treasurer

Mar 14, 2007, 01:00 ET from The Goodyear Tire & Rubber Company

    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
 future strategy.
     "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