Mr Fritz succeeds Patrick Stobb, who has been promoted to a senior finance position in Goodyear’s North American Tire business. Mr Stobb served for the investor relations of the company since 2008.

Previously Mr Fritz served as assistant treasurer and senior director of investor relations for Whirlpool Corporation.

Prior to joining Whirlpool in 2007, Mr Fritz was director of corporate finance and business planning and analysis at Stoneridge. From 2000 to 2002, he served the automotive industry as a senior research analyst at Midwest Research, and from 1997 to 2000 as a research associate at Donaldson, Lufkin & Jenrette.

In April 2011, the company has reported a net income of $103m for the first quarter of 2011, compared to a net loss of $47m for the same period of 2010. Sales were $5.4 billion, an increase of 27 percent, compared to the same period in 2010.

Goodyear along with its subsidiaries and joint ventures, develop, manufactures, markets and sells tires for a number of applications. It operates tire retreading centers and over 1,500 tire and auto service center outlets. In addition, it manufactures and sells rubber-related chemicals.

The company offers its products under several internationally renowned brand names such as Goodyear, Kelly, Fulda, Sava, Dunlop, and Debica.

Will Mr Fritz's experience benefit the firm?

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