Goodyear Tire & Rubber Co. has named company veteran Stephen McClellan as president of its North American tire business unit.
McClellan, 45, replaces Curt Andersson, who plans to pursue other professional interests, the Akron, Ohio, tire company said.
McClellan joined Goodyear in 1988 and was named to his current position as president of Goodyear's North American consumer tire business in 2008. He will continue to lead that business until a replacement is named, Goodyear said.
In early trading, Goodyear shares fell $1.26, or 9.5 percent, to $12.08.