The two senior executives to retire are Peter Daniel, 62, senior vice president and controller and Darryl Hazel, 61, senior vice president and president, Ford Customer Service Division. Daniel will be succeeded by Bob Shanks, 56, currently vice president and controller of Ford's Americas operations, while Hazel will be replaced by Frederiek Toney, Ford Motor corporate officer.
"We will miss Peter and Darryl but are very fortunate to have a deep and talented management team poised to continue our progress toward building an exciting and profitably growing Ford," Alan Mulally, Ford CEO said when announcing the retirements.
In addition to the two retirements, Ford also announced new appointments. Dave Schoch, 58, currently head of Canada, Mexico and South America, will become controller, the Americas, effective September 1. Jim Farley, 47, group vice president, Global Marketing and Canada, Mexico and South America operations will also become head of Ford's operations in the respective regions.
Ken Czubay, 60, is appointed to the expanded role of vice president, U.S. Marketing, Sales and Service.
"We are proud to have a team of proven leaders who will help us continue the strong progress we are making in the Americas," the company said. "In the most severe economic downturn in decades, we are introducing an unprecedented number of great new products, winning new customers and fixing the fundamentals of the business for the long term. This new team will help us keep gaining momentum going forward."
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