Ford Makes Upper Management Changes

We're days away from Christmas, so Ford's board decided to bring a smile on the faces of two of its employees, promoting them to new positions within the US-based manufacturer. Starting January 1, K.R. Kent, currently working as CFO, will take the role of executive director of Investor Relations, a newly created position inside the company that's supposed to deepen engagement with the global investment community for Ford and Ford Credit, as it is mentioned in a press release issued today.

Kent, who is 48-year old, will report directly to Ford Vice President and Treasurer Neil Schloss.

“K.R. brings to this new position a deep knowledge of Ford, Ford Credit, the automotive and credit industries, and the global investment community,” said Ford Executive Vice President and CFO Lewis Booth.

“As we continue to make progress on our One Ford plan and move toward an investment grade credit rating, we are committed to providing the investment community with authoritative and highly credible insight into our automotive business and Ford Credit.”

The one who will replace K.R. Kent is Michael Seneski, 45-year-old and currently working as a controller, Global and US Marketing and Sales. Starting January 1, Seneski will report to Mike Bannister, chairman and CEO of Ford Credit.

“We are pleased to have a finance professional of Michael’s caliber as CFO of Ford Credit as we continue our mission of providing financing support for Ford customers and dealers around the world,” Bannister said. “Michael’s knowledge of Ford Credit and Treasury will be an asset as we continue to ensure that Ford Credit remains a competitive advantage for Ford Motor Company going forward.”