AKRON, Ohio — The Goodyear Tire and Rubber Co. on Thursday named Ryan Patterson as a senior vice president of business integration to integrate competitor Cooper Tire into the Akron-based company following a planned acquisition as part of a $2.8 billion cash-and-stock deal expected to close later this year.
Patterson has worked for Goodyear since 2002, most recently as president of the company’s Asia Pacific business operations.
Goodyear Chairman, CEO and President Rich Kramer said in a news release that Patterson “understands all aspects of our business end-to-end, including manufacturing, is deeply familiar with our customers and has served as the lead architect for some of Goodyear’s core go-to-market strategies.”
Goodyear is the world’s third-largest tire maker behind Bridgestone and Michelin, and is seeking to “create a strong manufacturing brand” by acquiring Findlay-based Cooper Tires. Cooper, originally founded in Akron, is the fifth-largest tire maker in North American with 10 factories and about 10,000 employees worldwide.
Goodyear has said the Cooper Tires acquisition, on track to close in the second half of 2021, is expected increase Goodyear’s presence in the United States and double its presence in China. The companies had a combined $17.5 billion in sales in 2019.
Patterson’s career at Goodyear has included launching Goodyear.com, increasing online sales, and expanding the company’s market in Latin America. He has an accounting degree from Brigham Young University and an MBA from Harvard.
Patterson will be succeeded by Nathanial Madarang, currently managing director of Goodyear China, as president of Goodyear Asia Pacific.