Chip Goodyear

Charles Waterhouse "Chip" Goodyear IV (born January 18, 1958) is an American businessman and the former CEO of BHP. He is a member of the Goodyear family that had extensive business interests in lumber and railways, as well as significant philanthropic endeavors.[1][2]

For other people named Charles Goodyear, see Charles Goodyear (disambiguation).

Chip Goodyear
Born (1958-01-18) January 18, 1958
Hartford, Connecticut, US
NationalityAmerican
EducationYale University (1980)
Wharton School (1983)
OccupationBusinessman
SpouseElizabeth Dabezies
Children2
ParentCharles W. Goodyear III

Early life

Charles Waterhouse Goodyear IV was born on January 18, 1958, in Hartford, Connecticut. He is the son of Charles Waterhouse Goodyear III (born 1933), a Texas oil man who worked for Exxon (and later as a fuel products marketing manager for Exxon in Florham Park),[3] of Darien, Connecticut.

Goodyear graduated from Yale University in 1980 with a science degree in geology and geophysics. While at Yale, he rowed on the lightweight crew team. He also received a Master of Business Administration from the Wharton School of the University of Pennsylvania in 1983.[4]

Career

After graduation in 1983, Goodyear began his career as an investment banker at a Wall Street brokerage, Kidder Peabody, advising companies on mergers, acquisitions and financing. He left Kidder Peabody in 1989 as Vice President and joined Freeport-McMoRan, one of the world's largest producers of copper and gold, as Vice President - Corporate Finance. He was promoted to Executive Vice President and chief financial officer in 1995, ultimately leaving the firm in 1997 to serve as president of Goodyear Capital Corporation until 1999.[5]

In 1999, Goodyear joined BHP as Chief Financial Officer based in London. He served in that role until 2001, when he became Chief Development Officer, a post he held until 2003. In 2003 Goodyear succeeded Brian Gilbertson as the chief executive officer of BHP relocating to Melbourne.[6][7]

Goodyear retired from BHP on September 30, 2007 and was succeeded by Marius Kloppers.[8] Goodyear was considered by Businessweek to have been responsible for BHP's turn-around during the 2000s since, under his leadership, sales increased by 47% and profits by 78%, placing him on top of their "Europe BW50 Leaders" list.[9] Others, including consulting firm Deloitte, attributed BHP's success to rising global commodity prices.[10]

On February 6, 2009, Temasek Holdings, which had a portfolio worth 185 billion Singapore dollars ($123 billion US dollars) at the time,[11] announced his appointment as a board member and CEO-designate, to commence on March 1, 2009, succeeding Ho Ching from October 1, 2009.[12] He was identified as a possible candidate for the top office in Temasek in 2007, when the Temasek Board began reviewing internal and external CEO candidates since early 2005. Goodyear would have been the first foreign executive[13][14] to run the Singaporean sovereign fund company,[15] however, on July 21, 2009, the Temasek Board and Goodyear announced that they had mutually agreed that he would not be taking over as CEO, citing differences in opinions on strategy.[16] Instead, Ho Ching continued in the position, while Goodyear stepped down on August 15, 2009.[17]

As of September 2015, Goodyear is again the president of "Goodyear Capital Corporation" and "Goodyear Investment Company".[18]

Personal life

On July 11, 1992, 34-year-old Goodyear married 28-year-old Elizabeth Dabezies at the chapel of the Academy of the Sacred Heart in New Orleans, Louisiana. Elizabeth Dabezies graduated from the University of Alabama and worked as a leasing manager with the Edward J. DeBartolo Corporation, a real-estate firm in New Orleans.[3]

Together, they have two children:

  • Charles W. Goodyear V
  • Adelaide Goodyear (born January 14, 1995)[19]

Goodyear is a member of the National Petroleum Council and International Council on Mining and Metals.[4]

Volunteer and philanthropy

Goodyear served as a member of the Yale University Tomorrow Campaign Committee. He currently serves on the President's Council on International Activities and as Chairman of the Jackson Institute Council, and he was named Successor Trustee of the Yale Corporation in 2011.[18] Goodyear is also a director of several private companies and is a member of the Prince's Charities Council in the United Kingdom.[20]

References
  1. Goodyear, George F. (1976). Goodyear Family History. Buffalo, N.Y.: Buffalo. p. 304. OCLC 5265145.
  2. Descendants of Charles Waterhouse Goodyear Family tree.
  3. "WEDDINGS; Miss Dabezies, C.W. Goodyear 4th". New York Times. 12 July 1992. Retrieved 3 February 2016.
  4. Charles Goodyear's speech from 2006 Alumni Dinner Archived 2006-12-18 at the Wayback Machine. Melbourne Business School (2007). Retrieved 26 December 2007.
  5. "Chip W. Goodyear". referenceforbusiness.com. Retrieved 3 February 2016.
  6. Shaw, John (7 January 2003). "Chief of World's Biggest Miner, BHP, Steps Down". New York Times. Retrieved 3 February 2016.
  7. 2003 makes it a Goodyear Sydney Morning Herald January 7, 2003
  8. "BHP Billiton To Appoint Marius Kloppers As New CEO". BHP Billiton. 31 May 2007. Retrieved 4 June 2007.
  9. Business Week "The Best European Performers", Mediaset, 18 June 2015. (Reprinted from Businessweek, cover story - April 5, 2005.) Retrieved February 23, 2018.
  10. Page 7 of Deloitte report mentions: BHP Billiton posted record profits for the 6 months ended December 2010 as a result of high iron ore, copper and oil prices.
  11. "Singapore's Investment Firm Names New Leader". New York Times. 6 February 2009. Retrieved 3 February 2016.
  12. "Singapore's Temasek taps former BHP boss as CEO". International Herald Tribune. 6 February 2009. Retrieved 7 February 2009.
  13. Arp, Frithjof (2014). "Emerging giants, aspiring multinationals and foreign executives: Leapfrogging, capability building, and competing with developed country multinationals". Human Resource Management. 53 (6): 851–876. doi:10.1002/hrm.21610.
  14. Arp, Frithjof; Hutchings, Kate; Smith, Wendy A. (2013). "Foreign executives in local organisations: An exploration of differences to other types of expatriates". Journal of Global Mobility. 1 (3): 312–335. doi:10.1108/JGM-01-2013-0006.
  15. "Temasek CEO Ho Ching to Leave; Goodyear to Take Over (Update2)". Bloomberg L.P. 6 February 2009. Retrieved 7 February 2009.
  16. "Chip Goodyear at Temasek Holdings Singapore". FELOresearch. 2012. Retrieved 27 November 2015.
  17. "Temasek Holdings and Charles W. Goodyear mutually agree not to proceed with CEO appointment". Temasek Holdings. 21 July 2009. Retrieved 15 February 2014.
  18. "Charles W. Goodyear IV '80 B.S." yale.edu. Retrieved 10 September 2015.
  19. Atkinson, Mary Lou (6 February 2016). "Adelaide Dabezies Goodyear named Queen of Carnival". The Advocate. Capital City Press. Retrieved 14 April 2016.
  20. "Two Alumni Appointed as Successor Trustees of Yale Corporation". Yale University. 10 May 2011. Retrieved 10 September 2015.
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