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Ford Credit executive Wagner to retire

Amy Wilson | Automotive News

DETROIT -- Ford Motor Co. Vice President A.J. Wagner is retiring Jan. 1 after 33-and-a-half years with the automaker.

Wagner, 55, has been president of Ford Motor Credit Co.'s North American operations for the past three years.

In an interview with Automotive News today, Wagner said his departure is reflective of Ford's transformation to "a smaller, leaner company."

Company human resources chief Joe Laymon last week said up to six corporate officers will leave Ford by the end of the year as part of a streamlining of the executive ranks.

Today, Wagner said: "It's time for me to move on and pursue other interests. I think I leave a sound team behind. … It's just been a nice ride."

Ford isn't saying whether Wagner will be replaced.

Wagner said he intends to pursue other work. That could include sitting on boards or possibly even full-time work for another lending institution that doesn't compete directly with Ford Credit.

Said Wagner: "I'm not ready for the rocking chair yet."

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Stacy94PGT
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.....