Chip Goodyear
Encyclopedia
Charles Waterhouse "Chip" Goodyear V (born 18 January 1958) is part of the Goodyear lumber and railway family of New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...

 and Pennsylvania
Pennsylvania
The Commonwealth of Pennsylvania is a U.S. state that is located in the Northeastern and Mid-Atlantic regions of the United States. The state borders Delaware and Maryland to the south, West Virginia to the southwest, Ohio to the west, New York and Ontario, Canada, to the north, and New Jersey to...

.

He is a Yale
YALE
RapidMiner, formerly YALE , is an environment for machine learning, data mining, text mining, predictive analytics, and business analytics. It is used for research, education, training, rapid prototyping, application development, and industrial applications...

 graduate with a science degree in geology & geophysics and an MBA from the Wharton
Wharton
-Academic institutions:*Wharton School of the University of Pennsylvania*Wharton Center for Performing Arts, at Michigan State University-Places:*Wharton, Cheshire, England*Wharton, Cumbria, England*Wharton, New Jersey*Wharton, Ohio*Wharton, Texas...

 School of the University of Pennsylvania. He rowed on the lightweight crew team at Yale. He is a Member of the National Petroleum Council
National Petroleum Council
The National Petroleum Council is an American advisory committee representing oil and natural gas industry views to the Secretary of Energy.The council was established in 1946 at the request of President Harry S. Truman to represent industry views on any matters relating to oil and natural gas...

 and International Council on Mining and Metals
International Council on Mining and Metals
The International Council on Mining and Metals is composed of 18 mining companies. The council was formed in October 2001 to comply with the mission set forth in the Global Mining Initiative. Criticism of lack of oversight in industrial mining operations from environmental and social groups...

.

Career

Chip Goodyear was previously chief executive officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...

 of BHP Billiton
BHP Billiton
BHP Billiton is a global mining, oil and gas company headquartered in Melbourne, Australia and with a major management office in London, United Kingdom...

, the world’s largest diversified resources company. He joined BHP as chief financial officer (1999–2001), served as chief development officer (2001–03), appointed CEO (2003) and retiring from the position on 30 September 2007 and BHP Group on 1 January 2008.

Goodyear helped to grow a debt-ridden BHP company in 1999 into the world's largest miner via a merger with South Africa's Billiton (2001); then through further acquisitions, corporate restructuring and benefitting from a commodities boom, BHP Billiton's market capitalisation grew from US$12 billion to about US$200 billion by the time he left nine years later.

Prior to BHP, he was President of Goodyear Capital Corporation and Executive Vice President & CFO of Freeport-McMoRan
Freeport-McMoRan
Freeport-McMoRan Copper & Gold Inc., often called simply Freeport, is the world's lowest-cost copper producer and one of the world's largest producers of gold...

. Goodyear began his career as an investment banker at Wall Street brokerage, Kidder Peabody, advising companies on mergers, acquisitions and financing.

On 6 February 2009, Temasek Holdings
Temasek Holdings
Temasek Holdings is an investment company owned by the government of Singapore. With an international staff of 380 people, it manages a portfolio of about S$193 billion at end of March 2011, focused primarily in Asia...

 announced his appointment as a board member and CEO-Designate, to commence on 1 March 2009, succeeding Ho Ching
Ho Ching
Ho Ching is the Chief Executive Officer of Temasek Holdings and the wife of the Prime Minister of Singapore, Lee Hsien Loong...

from 1 October 2009. 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 foreigner to run the Singaporean sovereign fund company.

On 21 July 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. Instead, Ho Ching continued in the position, while Goodyear stepped down on 15 August 2009.
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