Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
Business

Ford Shuffles Management Team as New CEO Takes Helm

Ford's former product development chief, Raj Nair, will become head of North American operations

In this Feb. 20, 2004 file photo, Hau Thai-Tang stands next to a Ford Mustang at the Ford's headquarters in Dearborn, Michigan, photo: AP/Todd VanSickle
7 months ago

DETROIT – Ford’s new CEO is shaking up the company’s senior management.

The Dearborn, Michigan, automaker named a new head of global product development Thursday, as well as new heads of its operations in North America, Europe and Asia.

Among the biggest changes is the rehiring of Sherif Marakby, a longtime Ford executive who was head of Uber’s global vehicle programs for a year until he quit that job last month. Marakby is returning to Ford to lead its efforts in self-driving and electric vehicles.

“The leadership changes we are announcing today across our global business are important as we foster even greater teamwork, accountability and nimble decision-making,” Ford CEO Jim Hackett said in a company release.

Hau Thai-Tang was named the head of global product development. Thai-Tang was most recently in charge of global purchasing at Ford Motor Co., and he will retain that role.

Ford’s former product development chief, Raj Nair, will become head of North American operations.

Dave Schoch, who leads Ford’s Asia Pacific operations, is retiring after 40 years with the company. He will be replaced by Peter Fleet, who previously led Ford’s marketing efforts in Asia.

Steven Armstrong will become president of Ford’s operations in Europe, the Middle East and Africa. Armstrong replaces Jim Farley, who was promoted to head of Ford’s global markets earlier this week. Armstrong previously served as Ford’s chief operating officer in Europe.

Hackett and Ford’s Executive Chairman Bill Ford said earlier this week that the management changes are intended to help the company make big, strategic decisions more quickly. Outgoing CEO Mark Fields had 18 direct reports; Hackett has eight. Bill Ford will oversee government relations and communications, which are responsibilities Fields used to have.

“We have to empower the teams and we have to move fast, and we have to trust our people to move fast,” Bill Ford said earlier this week.

Ford shares dropped more than 1 percent to $10.81 in morning trading.

DEE-ANN DURBIN
TOM KRISHER

Comments Whatsapp Twitter Facebook Share
More From The News
Latest News

Fast-moving flames force people to flee ...

3 days ago
Entertainment

Prosecutors: No charges against conducto ...

4 days ago
Latest News

Southern snowfall isn't deep, but many f ...

4 days ago
Latest News

New Mexico school shooter left note plot ...

4 days ago
Most Popular

Dutch town tests driverless buses

By The Associated Press
Business

Up to 90 Million More Takata Airbag Infl ...

By The Associated Press
Business

Cuba to Lift Penalty on Dollar but Warns ...

By The Associated Press
Business

INEGI Releases Report on Inflation

By Notimex
Business

New Delivery App Rappi Says It's Not Sel ...

By Caitlin Donohue
Business