Goodyear Names Visteon CFO Jerome Rouquet as Permanent CFO, Effective December 1
GT is trading near its 52-week low of $4.09 (7.1% above the low).
Summary
Goodyear appointed Jerome Rouquet, currently CFO of Visteon, as its new EVP and CFO effective December 1, 2026, ending Scott Deakin's interim stint. The package includes a $900,000 salary, $3.2 million in long-term incentives and $5.8 million in make-whole and inducement awards.
Key Events · Executive and Board Changes · GT
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Permanent CFO Hired From Visteon
Jerome J. Rouquet becomes EVP and CFO effective December 1, 2026; he has been SVP and CFO of Visteon since February 2020 and was previously CFO of Federal-Mogul.
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Compensation Package Disclosed
Annual base salary of $900,000 with a $900,000 target annual incentive, plus a $3,200,000 long-term incentive award under the 2022 Performance Plan split between PSUs, EPUs and RSUs.
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Make-Whole Costs $5.8 Million
Inducement awards total $5,800,000: a $2,500,000 one-time cash payment due March 15, 2027 with a one-year clawback, a $2,600,000 RSU award vesting March 1, 2028 and a $700,000 RSU award vesting March 1, 2029.
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Interim CFO Stays Through November
Scott M. Deakin continues as Interim EVP and CFO through November 30, 2026, with Rouquet taking over the next day.
Analysis · GT · Manufacturing
Goodyear is handing its finance function to an outside automotive-supply CFO after a stretch with an interim in the seat. Rouquet comes from Visteon, where he has been CFO since February 2020, and previously held the CFO role at Federal-Mogul — relevant experience for a company that just posted a $204 million quarterly loss, flagged $425 million of intangibles at impairment risk, and is closing chemical plants. The pay package is rich for the situation: $900,000 salary plus a $3.2 million long-term award and $5.8 million of make-whole and inducement awards ($2.5 million cash plus $3.3 million of RSUs) to buy him out of Visteon. That is real cash and equity committed to a single hire while the company is cutting costs elsewhere, so the market will read it as a statement that the board wants outside financial discipline rather than an internal successor.
How filings like this one have moved
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At the time of this filing, GT was trading at $4.38 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $4.09 to $10.62. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.