Goodyear Tire & Rubber said Laura Thompson, executive vice president and chief financial officer, would retire in the first quarter of 2019 after 35 years of service.

Thompson joined Goodyear in 1983 and served in a wide range of finance and business roles of increasing responsibility culminating in her appointment as CFO in 2013. Prior to that, she played a key role in the turnaround of Goodyear's North America business as VP of finance. Earlier, she headed business development and investor relations for the company.

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"We extend our sincere gratitude to Laura for the outstanding leadership she has provided throughout her career," said chairman, CEO and president Richard Kramer.

"As I look ahead to marking 35 years with Goodyear in the coming months, I have given this decision a great deal of thought and concluded that the time is right for me to take this step," said Thompson.

The tyre make said it had commenced a search for her successor.

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