-
Kumar Galhotra named group vice president and president, Ford North
America
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Joy Falotico named group vice president, Lincoln and Chief Marketing
Officer
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David McClelland named vice president of Ford and CEO of Ford Motor
Credit Company
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Stuart Rowley named vice president and chief operating officer, Ford
North America
-
John Lawler named vice president, Strategy, Ford Motor Company
-
Cathy O’Callaghan named vice president and corporate controller, and
CFO, Global Markets
Company Website:
http://corporate.ford.com/
DEARBORN, Mich. -- (Business Wire)
Ford Motor Company today announced key changes to its senior management
team as it continues to strengthen its automotive business, improve the
company’s operational fitness, and accelerate a strategic shift to
capitalize on emerging opportunities.
In announcing the leadership changes, Ford President and CEO Jim Hackett
said Ford is “very fortunate to have an experienced and committed
executive team in place driving every day to significantly strengthen
our business while building toward our vision of becoming the world’s
most trusted mobility company, designing smart vehicles for a smart
world.”
Kumar Galhotra, 52, is appointed group vice president and president,
Ford North America, effective March 1. Galhotra will be responsible for
leading all aspects of Ford’s North American business. He will report to
Jim Farley, Ford executive vice president and president, Global Markets.
Galhotra, a 29-year veteran of the company, has served in a variety of
senior-level engineering and product strategy positions around the
world. In addition, since 2014, he has led Lincoln Motor Company,
revitalizing the luxury brand’s model lineup and developing a
world-class customer experience. He also has been serving as the
company’s chief marketing officer since last year.
“Kumar is an incredibly talented executive with a special feel for
product and brand. He is also a seasoned leader who knows how to drive a
business transformation,” Farley said. “Kumar is the right person to
lead our North American business to new levels of operational fitness,
product and brand excellence, and profitability.”
Reporting to Galhotra will be Stuart Rowley, 50, who is named vice
president and chief operating officer, Ford North America, effective
March 1. Rowley, who was previously vice president, Strategy, Ford Motor
Company, will be responsible for driving the redesign of the North
American business to improve its overall fitness.
Joy Falotico, 50, is named group vice president, Lincoln Motor Company
and chief marketing officer, succeeding Galhotra. Her appointment is
effective March 1.
In this role, Falotico reports to Farley and is responsible for leading
the continued evolution of Lincoln as a world-class luxury brand. She
oversees all Lincoln operations globally, including product development;
marketing, sales and service; and all team members supporting the brand.
She will also lead the company’s Marketing function and efforts to
connect more closely with customers by identifying new opportunities to
serve them. Falotico will remain chairman of the Ford Motor Credit
Company board of directors.
Since October 2016, Falotico has been group vice president and chairman
and CEO, Ford Motor Credit Company, a leading global automotive
financial services company with $151 billion in receivables and Ford’s
second-largest profit contributor. In 29 years at Ford Credit, she has
served in a number of executive positions around the world, including
leading Marketing and Sales, working side-by-side with Ford to support
sales and dealer success, and strengthening consumer and dealer service.
“Joy has been a driving force behind not only Ford Credit’s consistently
strong financial performance but also its business model innovation and
transition to a digital customer platform,” Farley said. “She brings
marketing experience and a deep customer focus as Ford enters a very
busy new product launch period to drive growth in revenue and
profitability.”
Succeeding Falotico is David McClelland, who is named vice president of
Ford Motor Company and CEO, Ford Credit. A 25-year veteran of Ford
Credit, McClelland, 48, has served in a variety of leadership positions,
including most recently as executive vice president, Marketing and Asia
Pacific. McClelland has been instrumental in Ford Credit’s growth in
China, as well as Ford Credit’s move into new fintech and mobility
initiatives, such the Canvas vehicle subscription service and online
financing. His appointment is effective March 1 and he will report to
Bob Shanks, executive vice president and chief financial officer.
John Lawler is appointed vice president, Strategy, succeeding Rowley.
Lawler, 51, who joined Ford in 1990, brings a deep background in finance
and general management into the strategy role, including his current
position as Ford’s corporate controller. Lawler also previously served
as chairman and CEO, Ford China. He will report to Shanks in the new
role effective March 1.
Lawler will support Hackett in advancing the global initiatives underway
to dramatically improve Ford’s operational fitness. He also will help
lead the company’s execution of strategic choices that define where Ford
allocates capital in the future to win and grow.
Cathy O’Callaghan, 49, is named vice president and corporate controller,
and CFO, Global Markets, succeeding Lawler. O’Callaghan, who joined Ford
in 1990, brings a wealth of finance experience having held several
senior level positions globally. She is currently chief financial
officer, Ford South America. O’Callaghan will report to Shanks in her
role as corporate controller and Farley in her role as CFO, Global
Markets. Her appointment is effective June 1 and her replacement will be
the subject of a future announcement.
About Ford Motor Company
Ford Motor Company is a global company based in Dearborn, Michigan.
The company designs, manufactures, markets and services a full line of
Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury
vehicles, provides financial services through Ford Motor Credit Company
and is pursuing leadership positions in electrification, autonomous
vehicles and mobility solutions. Ford employs approximately 202,000
people worldwide. For more information regarding Ford, its products and
Ford Motor Credit Company, please visit www.corporate.ford.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180222005748/en/
Contacts:
Ford Motor Company
Media:
Brad Carroll
313.390.5565
bcarro37@ford.com
or
Equity
Investment
Community:
Lynn Tyson
914.485.1150
LTyson4@ford.com
or
Fixed
Income
Investment Community:
Karen Rocoff
313.621.0965
krocoff@ford.com
or
Shareholder
Inquiries:
1.800.555.5259
or
313.845.8540
stockinf@ford.com
Source: Ford Motor Company
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