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EX-99 - EXHIBIT 99 - FORD MOTOR CO | fordleadershipchangereleasef.pdf |
8-K - 8-K - FORD MOTOR CO | item5028-kdated05x24x2017.htm |
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For news releases, related materials, and high-resolution photos and video, visit www.media.ford.com or www.flickr.com/fordapa
Follow at www.facebook.com/ford, www.twitter.com/ford or www.youtube.com/fordasiapacific
2
Added Hackett: “I am so excited to work with Bill Ford and the entire team to create an even
more dynamic and vibrant Ford that improves people’s lives around the world, and creates
value for all of our stakeholders. I have developed a deep appreciation for Ford’s people, values
and heritage during the past four years as part of the company and look forward to working
together with everyone tied to Ford during this transformative period.”
Hackett, together with Bill Ford, will focus on three priorities:
Sharpening operational execution across the global business to further enhance
quality, go-to-market strategy; product launch, while decisively addressing
underperforming parts of the business
Modernizing Ford’s business, using new tools and techniques to unleash innovation,
speed decision making and improve efficiency. This includes increasingly leveraging big
data, artificial intelligence, advanced robotics, 3D printing and more
Transforming the company to meet future challenges, ensuring the company has the
right culture, talent, strategic processes and nimbleness to succeed as society’s needs
and consumer behavior change over time
Bill Ford and Ford’s Board of Directors thanked Fields for his significant contributions to the
company.
“Mark Fields has been an outstanding leader and deserves a lot of credit for all he has
accomplished in his many roles around the globe at Ford," Bill Ford said. “His strong leadership
was critical to our North American restructuring, our turnaround at the end of the last decade,
and our record profits in the past two years."
Also today, Ford announced a new structure for its operations and named three new leaders
reporting to Hackett:
Jim Farley, 54, is appointed executive vice president and president, Global Markets. In this
role, Farley will oversee Ford’s business units, The Americas; Europe, Middle East & Africa and
Asia Pacific. In addition, Farley will oversee Lincoln Motor Company and global Marketing Sales
& Service. Farley has served as executive vice president and president, Ford of Europe, Middle
East and Africa since January 2015. Farley will also oversee the strategy and business model
development for electrified vehicles and autonomous vehicles.
Joe Hinrichs, 50, is appointed executive vice president and president, Global Operations.
In this role, Hinrichs will oversee Ford’s global Product Development; Manufacturing and Labor
Affairs; Quality; Purchasing; and Sustainability, Environmental and Safety Engineering; Hinrichs
has been serving as Ford executive vice president and president, The Americas, since
December 2012.
Marcy Klevorn, 57, is appointed executive vice president and president, Mobility. In this
role, Klevorn will oversee Ford Smart Mobility LLC, which was formed last year to accelerate the
company’s plans to design, build, grow and invest in emerging mobility services, as well as
Information Technology and Global Data, Insight and Analytics. Klevorn has served as group
vice president, Information Technology and Chief Information Officer since January 2017.
All three appointments are effective June 1. New leaders to succeed Hinrichs, Farley and
Klevorn will be the subject of a future announcement.
For news releases, related materials, and high-resolution photos and video, visit www.media.ford.com or www.flickr.com/fordapa
Follow at www.facebook.com/ford, www.twitter.com/ford or www.youtube.com/fordasiapacific
3
“We are fortunate to have three dynamic and talented leaders in Jim Farley, Joe Hinrichs and
Marcy Klevorn taking on greater responsibility,” Bill Ford said. “Each has a track record of
driving innovation, cost efficiency and delivering results around the world. They will work closely
with Jim Hackett to lead Ford’s day-to-day operations, build our brand and capitalize on
emerging opportunities.”
In addition, Ford appointed Mark Truby, 47, vice president, Communications, effective
immediately, reporting to Bill Ford. He was elected a company officer. Truby has previously led
Ford’s Communications teams in Asia Pacific and Europe, Middle East & Africa. Truby
succeeds Ray Day, who plans to retire from the company next year and will provide consulting
services until then.
Ford also elected Paul Ballew, 52, as Global Chief Data and Analytics Officer, reporting to
Klevorn. Ballew has been leading Ford’s global data and analytics teams since December 2014,
including development of new capabilities supporting connectivity and smart mobility.
# # #
About Ford Motor Company
Ford Motor Company is a global automotive and mobility company based in Dearborn, Michigan. With
about 202,000 employees and 62 plants worldwide, the company’s core business includes designing,
manufacturing, marketing, financing and servicing a full line of Ford cars, trucks, SUVs and electrified
vehicles, as well as Lincoln luxury vehicles. At the same time, Ford is aggressively pursuing emerging
opportunities through Ford Smart Mobility, the company’s plan to be a leader in connectivity, mobility,
autonomous vehicles, the customer experience, and data and analytics. The company provides financial
services through Ford Motor Credit Company. For more information regarding Ford, its products
worldwide or Ford Motor Credit Company, visit www.corporate.ford.com.
Contacts:
Media:
Mike Moran
1.313.322.1602
mmoran@ford.com
Susan Krusel
1.313.322.7998
skrusel@ford.com
Equity Investment
Community:
Dawn Dombroski
1.313.845.2868
fordir@ford.com
Fixed Income
Investment
Community:
Karen Rocoff
1.313.621.0965
fixedinc@ford.com
Shareholder
Inquiries:
1.800.555.5259 or
1.313.845.8540
stockinf@ford.com
Shareholder
Inquiries:
1.800.555.5259 or
1.313.845.8540
stockinf@ford.com