Ford Motor Company today announced leadership changes in the ongoing remake of its under-performing business (Ford Motor Company Declares Q2 Dividend of $0.15*). Joe Hinrichs is appointed president, Automotive, effective May 1. In this role, he will lead Ford’s drive to strengthen its Automotive operations and help deliver a sustainable global EBIT margin of at least 8%, about half that of the world’s leading automotive groups.
Hinrichs will have responsibility for Ford’s global business units – North America, South America, Europe, China, and the International Markets Group. He will also oversee both the Ford and Lincoln brands.**
Jim Farley is appointed president, New Businesses, Technology & Strategy, effective May 1. Farley will head Ford’s transformation into what is hoped to be a higher growth, higher margin business by using smart, connected vehicles and improved customer experiences. In this role, Farley will oversee Corporate Strategy, Global Data Insights & Analytics, Global Partnerships, Research & Advanced Engineering as well as Ford Smart Mobility and Ford Autonomous Vehicles.
Both Farley and Hinrichs will continue to report to Ford President and CEO Jim Hackett.
“Joe Hinrichs possesses the knowledge, experience and leadership to now take our Automotive business to world-class levels of product excellence, customer satisfaction, efficiency and financial performance,” Hackett said. “As we enter a busy period for new product launches and further restructuring in underperforming markets, Joe’s leadership in transforming businesses through focused execution will be key.”
John Lawler also will take on an expanded role as vice president, Strategy, reporting to Farley, Lawler will lead Corporate Strategy, Business Development and Global Data Insights and Analytics.
After 36 years with Ford, Marcy Klevorn, president of Ford Mobility**, has announced plans to retire Oct. 1. Until then, Marcy will report to Hackett and work with Ford’s senior leadership team on the hand-off.
Klevorn will help refine the company’s corporate governance systems, facilitate faster adoption of teams across the business and ensure process improvements across the enterprise. She will also continue to facilitate strategic partnerships with key technology partners as well as continue to champion Ford’s Professional Women’s Network and support the company’s diversity efforts.
Klevorn was appointed leader of Ford Mobility in June 2017. Over the past two years, she redesigned the organization to focus on delivery of products and services, to expand new businesses, to support city customers, and to incubate new ideas. This included the establishment of Ford Autonomous Vehicles LLC, the acquisition of Autonomic and creation of the Transportation Mobility Cloud and the company’s desire to 100% vehicle connectivity globally.
In addition, she led the expansion of FordPass, directed the growth of several revenue generating businesses including Ford Commercial Solutions, GoRide Health, and the City:One (sic) Challenges, and she steered the acquisition of others including Spin and Transloc. Prior to becoming president of Ford Mobility, Marcy served as the company’s chief information officer, where she led the transformation of IT into a product-led organization.
*AutoInformed.com Ford Coverage
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In addition, Hinrichs will lead Product Development, Purchasing, Enterprise Product Line Management, Manufacturing & Labor Affairs, Marketing, Sales & Service, Quality & New Model Launch, Sustainability, Environmental & Safety Engineering, Information Technology, Customer Experience, and Government Affairs.
In addition, Marcy Klevorn led the expansion of FordPass, directed the growth of several revenue generating businesses including Ford Commercial Solutions, GoRide Health, and the City:One Challenges, and she steered the acquisition of others including Spin and Transloc. Prior to becoming president of Ford Mobility, Marcy served as the company’s chief information officer, where she led changes at IT into a product-led organization.