Goodyear Tyre & Rubber Company has named Mark Schmitz executive vice president and chief financial officer, effective immediately, succeeding Richard Kramer, who in March was named to the additional post of president of Goodyear’s North American Tyre (NAT) business unit.

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Schmitz was most recently vice president and CFO for Tyco International’s fire and security segment, from 2003. He has spent the majority of his career with General Motors.


“As we considered candidates, we sought an experienced CFO who could work with our leadership team to build on our recent successes and drive our business strategy going forward,” said Goodyear chairman and chief executive officer Robert Keegan. “In Mark, we found an individual with a successful track record, who is intimately familiar with the automotive industry and who has considerable international experience.”


Schmitz began at GM in the late 1970s, where he rose to executive assistant to the president and chief executive officer in Detroit. In 1994, he was assigned to General Motors do Brasil and ultimately was director of finance for Mercosul operations and president of GM do Brasil’s finance subsidiary. Finally, from 1999 to 2001, he served as vice president and CFO of GM’s DirectTV Latin America. From 2001 to 2003, Schmitz was vice president and chief financial officer for Plug Power.


At Tyco International, he was part of a team brought in to turn around the fire and security business unit, a $US12bn business with eight divisions worldwide. During his tenure, the leadership team implemented new business models and financial controls that underpinned the successful turnaround and the establishment of a solid control environment at Tyco’s largest business unit.

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Schmitz has had corporate assignments in London, Brazil and China, and speaks fluent Mandarin Chinese and Portuguese.