Ford CEO Announces Changes

By Staff Writer October 02, 2020

 

Jim Farley, who succeeded Jim Hackett as Ford’s president and CEO, outlined key goals and organizational changes during a virtual town hall meeting Oct. 1 with the company’s global team. Farley said Ford plans to move with urgency to turn around its automotive operations – improving quality, reducing costs and accelerating the restructuring of underperforming businesses.

He said Ford will grow by: allocating more capital, resources and talent to its strongest businesses and vehicle franchises; expanding its leading commercial vehicle business with a suite of software services that drive loyalty and recurring revenue streams; offering compelling, uniquely Ford fully electric vehicles at scale around the world, including Transit, F-Series, Mustang, SUVs and Lincoln; adding more affordable vehicles to its global lineup, including in North America and standing up new customer-facing businesses enabled by Argo AI’s world-class self-driving system.

Ford also announced key leadership changes.

John Lawler, 54, became CFO on Oct. 1, overseeing the Finance and Ford Motor Credit organizations. Lawler will succeed Tim Stone, who has accepted a position as chief operating officer and chief financial officer at ASAPP Inc., a research-driven, artificial-intelligence software company. Stone will remain with Ford through Oct. 15 to ensure a smooth transition.

Lawler has most recently been serving as CEO of Ford Autonomous Vehicles and vice president, Mobility Partnerships, and spent much of his 30 years at Ford in finance leadership and general management.

Jeff Lemmer, Ford’s chief information officer, will retire Jan. 1 after 33 years with the company. A successor for Lemmer as CIO will be announced in the near future.

Ford will also strengthen its commitment to two key areas by having separate senior leaders run the Lincoln Motor Company and Global Marketing.

Joy Falotico, 53, who has been president of Lincoln and Ford’s chief marketing officer for nearly three years, will be dedicated solely to further growing Ford’s luxury brand once a new chief marketing officer is named shortly. She will report to Kumar Galhotra, president, The Americas and International Markets.

“This change will allow Joy to focus on accelerating Lincoln’s global growth through great vehicles and services and a truly differentiated customer experience,” Galhotra said.

Separately, in Europe, Dale Wishnousky, 57, vice president, manufacturing, Ford of Europe, will retire at the end of the year. His career with the company started in 1987 and spanned key manufacturing and service leadership roles in multiple countries.

Kieran Cahill, 53, previously director, manufacturing and strategic projects, Ford of Europe, succeeds Wishnousky, effective immediately.

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Last modified on Friday, 02 October 2020 14:10