- Jim Baumbick to lead quality, integrated closely with his
engineering responsibilities. Stuart Rowley, chief transformation
and quality officer, retiring after accomplished 32-year
career
- Joy Falotico, president of Lincoln, will retire after
successful 33-year career with Ford, which included tenures as
chief marketing officer, head of Ford Credit
- Dianne Craig will succeed Falotico as president of Lincoln.
Currently president of the International Markets Group, she has a
proven track record in a variety of roles across operations,
marketing and dealer relations in more than three decades with
Ford
- Steven Armstrong, vice president, India & South America
transformation, has elected to retire after more than 35 years,
where he also led Ford in Europe, Middle East and Africa
Three Ford Motor Company senior leaders – Joy Falotico, Stuart
Rowley, and Steven Armstrong – have announced plans to retire after
serving in transformational roles during careers that span more
than three decades at Ford.
With these changes, Jim Baumbick, vice president, product
development operations, cycle planning and internal combustion
engine programs, will take on responsibility for delivering
industry-leading quality at Ford.
“Quality is our No.1 priority as a company and Jim Baumbick is
the right leader to deliver world-class quality and reliability at
Ford with a disciplined process that runs from our supply chain to
our engineering labs all the way to the factory floor,” said Jim
Farley, Ford president and CEO.
Josh Halliburton, executive director of quality, will now report
to Baumbick, further integrating quality improvement across
workstreams in product development, including design, engineering,
supply chain and manufacturing.
Stuart Rowley, Ford’s chief transformation and quality officer,
plans to retire Dec. 1 after more than 32 years with Ford. Over the
course of his career, he served in a series of senior leadership
roles, including as CFO, Volvo Cars; CFO, Ford of Europe; Ford’s
global controller; head of strategy; chief operating officer, Ford
North America; and president, Ford of Europe.
“No matter the role, Stuart has always taken on tough challenges
and led positive change,” Farley said. “I’m especially grateful to
Stuart for leading the redesign of our European business to become
much leaner and focused on our commercial vehicles business and
transition to EVs.”
Joy Falotico, president of Lincoln since 2018, is retiring Dec.
1 after helping to drive the resurgence of Ford’s storied luxury
brand, including its growth in China, strengthening the Lincoln
retail network and setting the stage for the brand’s electric and
digital future.
“Joy has been a wonderful steward of Lincoln, building out its
distinctive lineup of vehicles and experiences, polishing the
Lincoln brand image, and overseeing a promising growth strategy in
China,” Farley said. “As Lincoln embarks on its second century, it
is well positioned to flourish with a new generation of electric
and connected vehicles.”
Under Falotico’s leadership, Lincoln refined its Quiet Flight
brand DNA manifested by elegant design, a smooth, quiet driving
experience, and a sanctuary-like experience inside the vehicles.
During her tenure, Lincoln launched popular new models like the new
Lincoln Aviator and Corsair, the Lincoln Zephyr in China and the
Lincoln Star and Lincoln Model L100 concept vehicles.
She previously served as Ford’s chief marketing officer and
chairman and CEO of Ford Credit.
Falotico will be succeeded by Dianne Craig, who brings deep
experience in sales, marketing, advertising, field operations and
dealer relations to the global Lincoln role. She will report to
Farley.
“With Dianne’s global experience, her success in strengthening
Ford’s IMG operations and her deep respect and knowledge of our
dealer network, combined with her passion for Lincoln, Dianne is an
incredible leader to advance the Lincoln brand,” said Farley.
Craig’s successor as head for Ford International Markets Group
will be the subject of a future announcement.
Steven Armstrong, vice president, India and South America
Transformation, will retire Jan. 1, 2023, after 35 years with Ford.
He has held many senior management and purchasing positions for
Ford-owned Jaguar and Volvo in addition to Ford of Europe. He was
president, Ford South America, vice president and chief operating
officer, Ford of Europe, and then group vice president and
president, Ford of Europe, Middle East and Africa. Prior to his
current role, Armstrong was president, Changan Ford.
“Steve’s leadership has been critical to the significant
improvement we have seen in many of our international markets,”
said Kumar Galhotra, president of Ford Blue. “He has taken
challenging assignments in the Ford world and always made a
positive difference.”
Going forward, responsibilities for Ford’s business in South
America will be part of Ford Blue under Galhotra and Ford’s India
operations will be part of Ford’s IMG unit. Additionally, Ford
Business Solutions will now report to Mike Amend, Ford’s chief
enterprise technology officer.
About Ford Motor Company
Ford Motor Company (NYSE: F) is a global company based in
Dearborn, Michigan, that is committed to helping build a better
world, where every person is free to move and pursue their dreams.
The company’s Ford+ plan for growth and value creation combines
existing strengths, new capabilities and always-on relationships
with customers to enrich experiences for and deepen the loyalty of
those customers. Ford develops and delivers innovative, must-have
Ford trucks, sport utility vehicles, commercial vans and cars and
Lincoln luxury vehicles, as well as connected services.
Additionally, Ford is establishing leadership positions in mobility
solutions, including self-driving technology, and provides
financial services through Ford Motor Credit Company. Ford employs
about 176,000 people worldwide. More information about the company,
its products and Ford Credit is available at
corporate.ford.com.
For news releases, related materials and high-resolution photos
and video, visit www.media.ford.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221102005570/en/
Media Ian Thibodeau 1.313.268.6056
ithibode@ford.com Equity Investment Community Lynn Antipas Tyson 1.914.485.1150
ltyson4@ford.com Fixed Income Investment Community Karen Rocoff 1.313.621.0965
krocoff@ford.com Shareholder Inquiries
1.800.555.5259 or 1.313.845.8540 stockinf@ford.com
Ford Motor (NYSE:F)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ford Motor (NYSE:F)
Historical Stock Chart
From Apr 2023 to Apr 2024