AKRON, Ohio, July 23 /PRNewswire-FirstCall/ -- The Goodyear Tire & Rubber
Company (NYSE: GT) announced today that Richard Pegher has been named vice
president of internal audit, effective Aug. 1. Pegher will report
functionally to the audit committee of Goodyear's board of directors and
administratively to Executive Vice President and Chief Financial Officer Mark
Schmitz. Pegher will be based at the company's headquarters in Akron.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050204/GTLOGO )
In this role, Pegher, 55, will implement audit programs and evaluate risk
exposures relating to the company's governance, operations, financial
reporting and information systems.
'Rich brings to Goodyear significant experience as a leader in internal
auditing functions at large corporations,' Schmitz said. 'I am confident he
will be vigilant about our corporate governance and control mechanisms and
help Goodyear further enhance our well-earned reputation as a trustworthy
company.'
Before joining Goodyear, Pegher served as vice president of internal audit
at XM Satellite Radio, where his responsibilities included assessing
enterprise-wide risks and risk management activities. Prior to that, he spent
six years as vice president of internal audit for ArvinMeritor, Inc., a
leading international truck and auto parts supplier based in Troy, Mich.,
where he spearheaded the company's efforts to achieve Sarbanes-Oxley
compliance and served as the company's Chief Ethics Executive. He also held
various internal audit and financial positions with Pittsburgh-based Rockwell
International and its spin-off Meritor Automotive, Inc.
Pegher received his bachelor's degree in business administration from
Point Park College in Pittsburgh and his MBA from the University of
Pittsburgh.
Pegher replaces Warren Johnston, who took over Goodyear's internal
auditing responsibilities on an interim basis in 2006. A former vice
president of internal audit at automotive supplier TRW Inc., Johnston had
served as a Goodyear consultant in 2004 and 2005 as the Sarbanes-Oxley program
manager.
Goodyear is one of the world's largest tire companies. Fortune magazine
named Goodyear the World's Most Admired Motor Vehicle Parts Company in its
2008 list of the World's Most Admired Companies. The publication ranked
Goodyear No. 1 in innovation, people management, use of assets and global
orientation. The company is also listed on Forbes magazine's list of the Most
Trustworthy Companies in America and CRO magazine's ranking of the 100 Best
Corporate Citizens. Goodyear employs about 70,000 people and manufactures its
products in more than 60 facilities in 25 countries around the world. For
more information about Goodyear, go to www.goodyear.com/corporate.
CONTACT: Keith Price
330-796-1863
SOURCE The Goodyear Tire & Rubber Company
