{"id":15007,"date":"2020-10-04T17:58:54","date_gmt":"2020-10-04T14:58:54","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=15007"},"modified":"2026-03-27T19:33:59","modified_gmt":"2026-03-27T16:33:59","slug":"ford-announces-operational-and-leadership-changes-will-drive-growth-improve-execution-speed-transformation","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/ford-announces-operational-and-leadership-changes-will-drive-growth-improve-execution-speed-transformation\/","title":{"rendered":"Ford Announces Operational And Leadership Changes; Will Drive Growth, Improve Execution, Speed Transformation"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Ford is continuing to streamline and transform its global business, making changes in how the company is organized and operates to deliver executional excellence that benefits customers and delivers sustained profitable growth.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Jim Farley, who today succeeds Jim Hackett as Ford\u2019s president and CEO, outlined key goals and organizational changes during a virtual town hall meeting with the company\u2019s global team. Farley said Ford plans to move with urgency to turn around its automotive operations \u2013 improving quality, reducing costs and accelerating the restructuring of underperforming businesses.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the same time, Ford will grow by:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Allocating more capital, resources and talent to its strongest businesses and vehicle franchises<\/li><li>Expanding its leading commercial vehicle business with a suite of software services that drive loyalty and recurring revenue streams<\/li><li>Offering compelling, uniquely Ford fully electric vehicles at scale around the world, including Transit, F-Series, Mustang, SUVs and Lincoln<\/li><li>Adding more affordable vehicles to its global lineup, including in North America<\/li><li>Standing up new customer-facing businesses enabled by Argo AI\u2019s world-class self-driving system<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cDuring the past three years, under Jim Hackett\u2019s leadership, we have made meaningful progress and opened the door to becoming a vibrant, profitably growing company,\u201d Farley said. \u201cNow it\u2019s time to charge through that door.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe are going to compete like a challenger \u2013 allocate capital to higher growth and return opportunities to create value \u2013 and earn customers for life through great products and a rewarding ownership experience.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ford is making changes to its operating model to help deliver on these priorities, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Concentrating decision-making and accountability around product and customer groups in&nbsp;<strong>three regional business units<\/strong>&nbsp;\u2013 The Americas and International Markets; Europe; and China<\/li><li>Accelerating innovation to be a leader in&nbsp;<strong>new businesses<\/strong>&nbsp;such as autonomous vehicles and mobility<\/li><li>Harnessing expertise in&nbsp;<strong>industrial platforms<\/strong>&nbsp;to develop world-class connected vehicles<\/li><li>Unleashing&nbsp;<strong>technology and software<\/strong>&nbsp;in ways that set Ford apart from competitors<\/li><li>Embracing and increasing the&nbsp;<strong>diversity<\/strong>&nbsp;of backgrounds, experiences and talent across the company<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Farley said the company is targeting consistent operating performance that includes adjusted earnings before interest and taxes of 8% of revenue with strong automotive adjusted free cash flow, so the company can fully invest in customers and growth.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ford today also announced key leadership changes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>John Lawler<\/strong>, 54,will become CFO today, 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.&nbsp; Stone will remain with Ford through Oct. 15 to ensure a smooth transition.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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. He served as president of Ford China for nearly four years when the company achieved record in-country performance. He also served as corporate controller and CFO, Global Markets and head of worldwide strategy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cJohn knows our company inside-out, has a clear view and great ambition for what Ford can be, and articulates what\u2019s needed to get there,\u201d Farley said. \u201cAs CFO, he will help assure we have the means to fund those ambitions.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Lawler\u2019s successor in his current position, who will oversee the New Businesses group going forward, will be named later.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cTim has been a powerful voice inside the company pushing us all to persistently focus on our customers and what they want and need,\u201d Farley said. \u201cHe also played a critical leadership role in guiding the company through the COVID-19 crisis. We thank Tim for his contributions and wish him the best.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Jeff Lemmer<\/strong>, Ford\u2019s chief information officer, will retire Jan. 1 after 33 years with the company. A successor for Lemmer as CIO, who will lead the Technology and Software platform, will be announced in the near future.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cJeff has been an outstanding leader at Ford and that was never truer than this year, when he and the IT team kept our company fully connected and operational during the pandemic,\u201d Farley said. \u201cFord shifted more than 100,000 people around the world to remote work virtually overnight because of COVID-19, and our information systems haven\u2019t missed a beat.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ford will strengthen its commitment to two key areas by having separate senior leaders run the Lincoln Motor Company and Global Marketing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Joy Falotico<\/strong>, 53, who has been president of Lincoln and Ford\u2019s chief marketing officer for nearly three years, will be dedicated solely to further growing Ford\u2019s luxury brand once a new chief marketing officer is named shortly. She will report to Kumar Galhotra, president, The Americas and International Markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThis change will allow Joy to focus on accelerating Lincoln\u2019s global growth through great vehicles and services and a truly differentiated customer experience,\u201d Galhotra said. \u201cLincoln\u2019s completely refreshed lineup is resonating with customers in the U.S. as well as in China, where we are now producing the Lincoln Aviator and Corsair locally, for Chinese customers \u2013 and that\u2019s just the beginning.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Separately, in Europe,&nbsp;<strong>Dale Wishnousky<\/strong>, 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.&nbsp;<strong>Kieran Cahill<\/strong>, 53, previously director, Manufacturing and Strategic Projects, Ford of Europe, succeeds Wishnousky, effective immediately.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ford is continuing to streamline and transform its global business, making changes in how the company is organized and operates to deliver executional excellence that benefits customers and delivers sustained profitable growth. Jim Farley, who today succeeds Jim Hackett as Ford\u2019s president and CEO, outlined key goals and organizational changes during a virtual town hall [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":15008,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"1","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":0,"_extra_hide_author_box":"","_extra_featured_post":"","_partner_post_id":0,"footnotes":""},"categories":[26],"tags":[],"class_list":["post-15007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ford leadership changes - Drive growth and execution | | Saudi Shopper<\/title>\n<meta name=\"description\" content=\"Ford leadership changes aim to drive growth, improve execution, and speed transformation. 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