Michelin reported free cash flow of €2.1 billion for 2025, surpassing its October forecast of €1.5 billion to €1.8 billion. The French tyre maker also maintained its full-year operating income guidance of €2.6 billion to €3 billion. Shares rose 2.12% in Paris trading on the positive news.

The company appointed Bénédicte de Bonnechose as its new chief financial officer, effective June 1. She will replace Yves Chapot, who is stepping down. De Bonnechose has been with Michelin since 2019, most recently overseeing its Urban and Long-Distance Transportation business lines and European operations.

For investors, the strong cash flow performance signals improving operational efficiency amid global supply chain pressures. The CFO transition marks a key leadership change at the top of the tyre industry's financial hierarchy. Market watchers will now look for the company's 2026 outlook and its strategy for navigating raw material costs.