US:Ford confirms management shakeups - Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars
Ford Forum Ford Forum

» Auto Insurance
» Featured Product
ยป Wheel & Tire Center

Go Back   Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Fordforums Community > Latest Ford News and Racing News > Ford Worldwide News
Register Home Forum Active Topics Photo Gallery Auto Loans Insurance Garage Mark Forums Read Auto Escrow is the premier Ford Forum on the internet. Registered Users do not see the above ads.
LinkBack Thread Tools Display Modes
Old 10-14-2005, 05:46   #1 (permalink)
Registered User
Stacy94PGT's Avatar
Join Date: Feb 2001
Location: The Hills of North Georgia,USA
Posts: 7,859
US:Ford confirms management shakeups

Ford confirms management shakeups

Analysts say moves show Bill Ford Jr. is asserting control over company bureaucracy.

By Bryce G. Hoffman / The Detroit News



Ford Motor Co., accelerating its turnaround efforts, confirmed a number of senior management changes Thursday, including the appointment of Anne Stevens to the post of executive vice president and chief operating officer for the company's Americas division.

"Anne is an exceptionally focused and proven leader in this industry," Mark Fields, president of the Americas division, said in a statement. "Her leadership of vehicle operations resulted in a significant quality improvement."

The appointment makes Stevens the highest-ranking female executive at Ford and one of the most powerful women in the global automotive industry. The company also confirmed the promotion of Derrick Kuzak to group vice president of product development for the Americas, David Szczupak to group vice president of manufacturing and Barb Samardzich to vice president of powertrain operations. Additionally, it confirmed the retirement of Roman Krygier, group vice president of global manufacturing.

Ford also named Joseph Hinrichs, current CEO of Ford Canada, as the new vice president of North American vehicle operations.

The moves are part of a major management shakeup that began when Fields was named president of the Americas division last month. Two senior executives, Matt DeMars and Phil Martens, resigned last week.

Analysts say the moves are evidence that Chairman and CEO Bill Ford Jr., with Fields at his side, is asserting his control over the company's bureaucracy.

"I have asked Mark Fields to do what's necessary to turn around our North American automotive operations," Ford said in a statement. "I fully expect the leadership team he has put in place today for the Americas will drive a turnaround and return a critical part of our business to a sustained level of profitability."

Analysts are taking a wait-and-see attitude to the changes, but all agree the automaker needs to do something to stop mounting losses and decline in market share.

"Ford is in the intolerable position of having too many plants and too many people," said David Healy, auto industry analyst with Burnham Securities Inc. "Cost cutting needs to come before the end of the year -- layoffs, plant closings, that sort of ugly stuff."

So far this year, Ford has trimmed white-collar jobs, suspended executive bonuses and consolidated its sales and marketing operations to lower costs.
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.....
Stacy94PGT is offline   Reply With Quote
Sponsored Links

  Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Fordforums Community > Latest Ford News and Racing News > Ford Worldwide News

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Powered by vBadvanced CMPS v3.2.2

All times are GMT -7. The time now is 14:57.

Powered by vBulletin® Copyright ©2000 - 2015, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0
Garage Plus vBulletin Plugins by Drive Thru Online, Inc.