The changes affect Ford's global manufacturing and labor affairs, Ford's Europe and Latin America operations, and its global sales and marketing operations. One of the most notable changes is Ford Europe's chairman and chief, John Fleming, 58, will now be leading the company's global manufacturing and labor affairs operations. Fleming will be based at the company's headquarters in Dearborn, Mich.
Also, Stephen Odell, 55, currently CEO of Volvo Cars, has been appointed as a Ford group vice president and succeeds Fleming as chairman and CEO of Ford Europe. Accompanying Odell will be Stuart Rowley, 43, CFO of Volvo; he will become Ford Europe's CFO.
All three appointments will be effective upon the closing of Ford's sale of Volvo to China's
, expected later this quarter.
Meanwhile, Jim Farley, 48, currently Ford group vice president of global marketing and Canada, Mexico and South America operations, will take an expanded role as a Ford's head of marketing, sales and service around the world. This marks the first time Ford is having a single global leader for marketing, sales and service. The move is effective on Aug. 1
Also effective on Aug. 1, Eduardo Serrano, 50, currently president and CEO of Ford of Mexico, has been appointed executive director, Latin America.
David Mondragon will continue to serve as president, Ford of Canada. Both Serrano and Mondragon will report to Mark Fields, Ford executive vice president and president of the Americas.
"These moves allow us to strengthen our global team ... and continue to profitably grow serving our customers around the world," Ford chief Alan Mulally said in a written statement.
-- Reported by Andrea Tse in New York
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