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Goodyear divides executive duties to key turnaround. (Goodyear Tire & Rubber Co.)
Crain's Cleveland Business, March, 1991 by Prizinsky, David
Goodyear divides executive duties to key turnaround The management shakeup announced last week by Goodyear Tire & Rubber Co. has put the spotlight on Hoyt M. Wells, a 40-year veteran of the company's non-tire businesses who was named president and chief operating officer. Mr. Wells was tapped for the posts at a special directors' meeting called last week to act on a realignment and cost-cutting program designed to help turn around Goodyear's sagging fortunes.
Goodyear's bottom line has been on a slide since 1987, with the company last year reporting a loss of $38.3 million. Goodyear has been without a separate president's post since January 1989, when then-president and chief operating officer Tom H. Barrett was named chief executive officer. Mr. Barrett...
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