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EX-99 - EXHIBIT 99 - FORD MOTOR CREDIT CO LLC | a02222018newsrelease.pdf |
8-K - 8-K - FORD MOTOR CREDIT CO LLC | a8-kdated02x22x2018.htm |
NEWS
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Ford Appoints Senior Leaders; Galhotra to Lead North America,
Falotico to Head Lincoln, Marketing; McClelland to lead Ford Credit
• Kumar Galhotra named group vice president and president, Ford North America
• Joy Falotico named group vice president, Lincoln and Chief Marketing Officer
• David McClelland named vice president of Ford and CEO of Ford Motor Credit Company
• 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
DEARBORN, Mich., Feb. 22, 2018 – 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.
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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.
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