Directorate Change
Ford Motor Co
20 November 2007
Contact: Marcey Evans
313.322.9211
mevans13@ford.com
AL VER TO RETIRE FROM FORD MOTOR COMPANY
DEARBORN, Mich., Nov. 20 - Al Ver, Ford Motor Company vice president and CEO and
COO, Automotive Components Holdings (ACH), has elected to retire at the end of
the year, after a 35-year career with the Ford Motor Company.
Ver joined Ford in 1972 as a manufacturing process engineer at the Mt. Clemens
(Mich.) Paint Plant. He has held a number of engineering and manufacturing
positions within Ford and its component operations during his career. Prior to
his current assignment, Ver served as vice president for Ford's Advanced
Manufacturing Engineering organization. As the head of ACH, he reported to Mark
Fields, executive vice president and president, The Americas.
'Al has consistently contributed to Ford's engineering and manufacturing
organizations throughout his career and most recently has done an outstanding
job in leading ACH through its transition,' said Fields. 'We wish Al and his
family well as they move into the next phase of their lives.'
Ver will be succeeded by Bill Connelly, who has been named chief executive
officer, ACH. Connelly will retain his CFO responsibilities for ACH. During the
transition, Al Ver will report to Alan Mulally, president and CEO, for a special
project.
Connelly will lead the Ford-managed, temporary business entity comprised of
former Visteon Corp. plants and facilities in the U.S. and Mexico, as it
continues preparing the operations for sale or closure by the end of 2008. He
will report to Joe Hinrichs, vice president, North America Manufacturing.
'Bill has been with ACH from the start and knows the component businesses within
the group, as well as the component industry,' Fields said. 'We continue to
operate in a very challenging environment, and having Bill at the helm is
reassuring to me and everyone on the team.'
Connelly, a U.S. Marine Captain, joined Ford's Finance staff in 1972. Throughout
his career, he has held a variety of positions within Finance, including
controller of Ford's North America Automotive Operations and Ford Customer
Service Division, and director of the company's Investor Relations department.
Connelly was instrumental in the negotiations to form ACH in 2005, and as its
CFO, he has significantly reduced operating costs and helped to progress ACH's
restructuring plans.
Ford Motor Company, a global automotive industry leader based in Dearborn,
Mich., manufactures or distributes automobiles in 200 markets across six
continents. With about 250,000 employees and about 100 plants worldwide, the
company's core and affiliated automotive brands include Ford, Jaguar, Land
Rover, Lincoln, Mercury, Volvo and Mazda. The company provides financial
services through Ford Motor Credit Company. For more information regarding
Ford's products, please visit www.ford.com.
Go to http://media.ford.com for news releases and high-resolution photographs.
This information is provided by RNS
The company news service from the London Stock Exchange