We Like Ford's Breaking Tradition With Outside Hire for Next CFO
Ford announced a reorganization and leadership moves that although significant will not change our fair value estimate. Last month, media reported CFO Bob Shanks, 66, would retire at year-end; Ford confirmed this March 21 with the hiring of Tim Stone, 52, as its new CFO effective June 1. Stone will join Ford as an officer on April 15. Shanks will remain through year-end to ease the transition. Ford typically promotes CFOs from within (Shanks, for example, is a 42-year Ford veteran) because its C...Ford Motor designs, manufactures, markets, and services a line of Ford cars, trucks, sport utility vehicles, electrified vehicles, and Lincoln vehicles, as well as provides financial services through its subsidiary, Ford Motor Credit Company LLC. The company is engaged in electrification; mobility solutions, including self-driving services; and connected vehicle services. The company has three operating segments: Automotive, which includes the sale of Ford and Lincoln vehicles, service parts, and accessories; Mobility, which includes its autonomous vehicles and its investment in mobility through Ford Smart Mobility LLC; and Ford Credit, which includes vehicle-related financing and leasing activities.
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