The Goodyear Tyre & Rubber Company has named Darren Wells senior vice president of finance and strategy effective immediately.
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Wells, 41, was senior vice president, business development & treasurer.
With the announced appointment of chief financial officer Richard Kramer to run the North American tyre 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 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 Tyre.
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 activities.
“[Wells] 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.
Wells joined Goodyear in August of 2002 as vice president and treasurer. Prior to Goodyear he served two years as assistant treasurer of Visteon Corporation, assisting with the spin-off from Ford.
He worked for the automaker from 1989 until joining Visteon in a variety of assignments including finance director for Ford Credit, Australia.
