Leadership Changes Made
Ford Motor Co
20 September 2007
NEWS
Contact: Mark Truby
313-323-0539
mtruby@ford.com
IMMEDIATE RELEASE
FORD MOTOR COMPANY MAKES LEADERSHIP CHANGES
• John Parker is elected executive vice president of Ford Motor Company -
Asia Pacific and Africa.
• Michael Bannister, chairman and chief executive officer of Ford Motor Credit
Company, is elected an executive vice president of Ford Motor Company.
• Francisco Codina, group vice president, North American Marketing, Sales and
Service, will retire after a 30-year career with Ford.
DEARBORN, Mich., Sept. 20 - Ford Motor Company President and Chief Executive
Officer Alan Mulally today announced changes to his senior leadership team with
the elevation of two key executives and the retirement of another.
John Parker, 59, has been elected an executive vice president of Ford Motor
Company - Asia Pacific and Africa, one of the company's three core regional
business units. Parker has been leading the region as a group vice president,
based in Bangkok, Thailand. He will continue to have responsibility for all of
Ford's operations and partnerships within Asia Pacific and Africa, including
Mazda. He continues to report to Mulally.
'John is a tremendous leader delivering solid results in the world's fastest
growing and most dynamic region,' Mulally said. 'With John leading the way, Ford
is poised for fast growth in Asia, as we work together to create the products
that customers really want and value.'
Mike Bannister, chairman and chief executive officer of Ford Motor Credit
Company, also has been elected an executive vice president of Ford Motor
Company. Bannister, 57, will continue to be responsible for all operations of
Ford Motor Credit worldwide, reporting to Don Leclair, executive vice president
and chief financial officer.
'Mike is an exceptional leader with tremendous business and financial acumen. He
is steering us to ever higher levels of excellence at Ford Motor Credit, which
remains strategically core to our company's fixture,' Mulally said. 'Tinder
Mike's continued leadership, Ford Motor Credit is performing solidly through
reduced costs, improved effectiveness and streamlined global operations.'
Francisco Codina, group vice president, North American Marketing Sales and
Service, has elected to retire after 30 years with Ford Motor Company. His
retirement is effective Nov. 1. Ford is beginning an immediate search for his
replacement.
'Cisco's passion and dedication to Ford will be missed,' said Mark Fields,
executive vice president and president - The Americas. 'Under Cisco's
leadership, we began to stabilize our retail market share, energize our dealers,
improve the resale value of our vehicles and speak with a more confident tone in
our marketing.
Codina joined Ford in 1977 and has served as vice president - Ford Customer
Service Division, as well as general marketing manager for Ford Division,
president of Ford of Argentina and a variety of sales and marketing assignments
throughout the U.S. He was appointed group vice president, Marketing, Sales and
Service in January 2006.
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Ford Motor Company, a global automotive industry leader based in Dearborn,
Mich., manufactures and distributes automobiles in 200 markets across six
continents. With about 300,000 employees worldwide, the company's core and
affiliated automotive brands include Aston Martin, Ford, Jaguar, Land Rover,
Lincoln, Mazda, Mercury and Volvo. Its automotive-related service includes Ford
Motor Credit Company. For more information regarding Ford's products, please
visit www.fordvehicles.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