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Old 01-21-2003, 20:18   #1 (permalink)
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Ford's CFO Gilmour wants successor named

DETROIT, Jan 21 (Reuters) - Allan Gilmour, who was coaxed out of retirement to become Ford Motor Co.'s <F.N> third chief financial officer in less than a year last May, said on Tuesday that the company should name someone to succeed him.

Gilmour, 68, who is also Ford's vice chairman, said he had no immediate plans to leave the world second-largest automaker, which he is helping to nurse back to financial health.

But in an interview with CNBC television, after Ford reported its fourth-quarter financial results, Gilmour said it might be a good idea to turn the CFO's job over to someone else.

"Considering my age, it's a good idea to have someone named to succeed me in that position, so we'll see how that develops," he said.

The Financial Times first reported that Ford was seeking a replacement for Gilmour as CFO in December.

Chairman and Chief Executive Bill Ford Jr., who personally made the decision to re-hire Gilmour, has stopped short of confirming the CFO search. But he has said he hopes Gilmour will remain with the company.

Gilmour did not spell out in the CNBC interview why his age should lead him to step down soon as CFO. But he said "there would be quite a lot of other things" for him to do at Ford, which is in the midst of a multiyear turnaround plan.

He also said that Martin Inglis, who currently reports to him as Ford's chief of business strategy, mergers and acquisitions, was retiring effective March 1.

"I'm going to be picking up his activities more directly than I have been now. That's one example," Gilmour said.
My first car was a 67 Mustang Coupe, 2nd one was a 67 Cougar XR-7, 3rd one was a 66 Mustang Coupe. Why did I get rid of these cars for ? I know why, because I'm stupid, stupid, stupid.

My next Ford.....
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