Blue Oval Connect Newswire

Blue Oval Connect Newswire: Feb. 9, 2012

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Leadership Announcements
Ford Motor Company Announces Changes to Leadership Team

A note from President and CEO Alan Mulally
This morning, we are making several announcements related to our team.

Lewis Booth and Derrick Kuzak have elected to retire after more than 30 years of service to Ford. Their leadership and vision have helped guide us through the challenges of recent years and establish a firm implementation plan for delivering the full potential of our One Ford plan.

Bob Shanks will succeed Lewis as executive vice president and chief financial officer, and Raj Nair will succeed Derrick as group vice president, Global Product Development, beginning April 1. Succeeding Bob as vice president and Controller is Stuart Rowley. Succeeding Raj as vice president, Engineering, Global Product Development is Hau Thai-Tang.

Separately, we are announcing today that Jon Huntsman, former U.S. ambassador to China, Governor of Utah and a candidate for United States president, has been elected to our Board of Directors. Jon brings to Ford a wealth of knowledge and experience related to Asia, as well as economic growth and job creation.

Working together with these new leaders, the entire leadership team and our Board of Directors, we will continue our progress in delivering great products, building a strong business and contributing to a better world by implementing our One Ford plan, which is unchanged:

  • Aggressively restructure to operate profitably at the current demand and changing model mix
  • Accelerate the development of new products that customers want and value
  • Finance the plan and improve the balance sheet
  • Work together effectively as one team, leveraging Ford’s global assets
Please join me in thanking Lewis and Derrick for their dedication and many contributions to Ford’s future. In addition, let’s welcome Jon, Bob, Raj, Stuart and Hau to their new roles.

One Team. One Plan. One Goal. One Ford.

Alan Mulally
Alan Mulally
President and CEO
Ford Motor Company

Below are excerpts from the company's press releases regarding these leadership changes.

VIDEO: Click here to view a a special video, featuring Alan Mulally, Lewis Booth and Derrick Kuzak.

Ford CFO Lewis Booth and Global Product Chief Derrick Kuzak to Retire; Veteran Executives Named as Successors
Ford Motor Company today announced that Lewis Booth, executive vice president and chief financial officer, and Derrick Kuzak, group vice president, Global Product Development, have elected to retire effective April 1. Each has served the automaker for more than 30 years.

Booth, 63, will be succeeded by Bob Shanks, who is currently vice president and Controller.

Kuzak, 60, will be succeeded by Raj Nair, who is currently vice president, Engineering, Global Product Development. Shanks and Nair assume their new positions April 1.

In addition to these changes, Ford is announcing the following moves, also effective April 1:

  • Stuart Rowley, 44, currently chief financial officer, Ford of Europe, has been elected a company officer and will succeed Shanks as vice president and Controller
  • Hau Thai-Tang, 45, currently executive director, Global Product Programs, has been elected a company officer and will succeed Nair as vice president, Engineering, Global Product Development

"Lewis Booth and Derrick Kuzak represent the very best of Ford and our culture and built a legacy of leadership, integrity and commitment to excellence that will benefit us for years to come," said Bill Ford, Ford's executive chairman. "Lewis and Derrick were absolutely integral to the comeback of Ford and they are retiring with our deepest respect and gratitude."

Click here to read the full release.

Ford Names Jon Huntsman to Board of Directors
Ford Motor Company announced today the election of Jon M. Huntsman Jr. to the company's Board of Directors effective immediately.

Jon Huntsman

Huntsman, 51, is chairman of the Huntsman Cancer Foundation, a Utah-based cancer charity. The former Republican candidate for president of the United States has served in numerous public and private positions around the world, most recently as the United States Ambassador to China.

"Jon brings to Ford's board of directors extensive global knowledge and experience – particularly in Asia with trade issues – and operational experience gained as governor of Utah, a state that has grown jobs even during the economic crisis," said Ford Executive Chairman Bill Ford. "Jon understands the importance of strengthening the country's manufacturing base, which will contribute to our success going forward."

Click here to read the full release.


FCN News Team:
Publisher: Sara Tatchio
Associate Publisher: Jenn Corney
Managing Editor: Megan Whalen

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