Ex-Tyco exec gets FD role at Goodyear

Mark Schmitz, the former financial chief at
Tyco’s fire and safety, part of the
conglomerate Tyco, has been named as the executive vice president and chief
financial officer of Goodyear Tire &
Rubber Co

Schmitz, 56 has taken over for Richard Kramer, who was named president of
Goodyear’s North American Tire business in March.

Tyco made international headlines in 2004 when former chairman and chief
executive Dennis Kozlowski and former chief financial officer Mark H. Swartz,
were accused of the theft of £300m from the company.

In June 2005, after a retrial, Kozlowski and Swartz were convicted on all but
one of the more than 30 counts against them.

Further reading:

PwC pays out $225m to settle Tyco case

PwC settles Tyco case

Tyco hands over PwC claim as it settles for $3bn

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