http://www.autonews.com/apps/pbcsi.dll/storyimage/CA/20160830/FINANCE_AND_INSURANCE/160839991/AR/0/AR-160839991.jpg
Ford Motor Credit Co. Chairman and CEO Bernard Silverstone will retire after 37-year career there. COO Joy Falotico, a 27-year veteran, will be his successor.
Ford Motor Credit Co. Chairman and CEO Bernard Silverstone will retire Oct. 1. He will be replaced by COO Joy Falotico.
The COO position will be eliminated, according to Ford Credit spokeswoman Margaret Mellott.
Silverstone, 60, has been with Ford’s captive finance arm for 37 years and has been CEO since 2013, according to a company statement.
“Bernard’s global expertise and strong leadership have been key to Ford Credit’s continued profitability and growth, as well as new financial solutions for mobility,” Mark Fields, CEO of Ford Motor Co., said in the statement. “Throughout his career, Bernard has worked tirelessly to ensure Ford Credit continues to be an important part of our success. We are grateful for his dedication and many contributions around the world.”
Falotico, 49, has worked for Ford Credit for 27 years. Most recently, as COO, she led Ford Credit’s global operations, marketing, sales and brand, business center operations and insurance operations.
Silverstone said in the statement that Falotico is poised to lead Ford Credit. “Joy is an experienced and trusted leader with a sharp focus on driving strong business fundamentals. She is in a great position to lead Ford Credit’s success,” he said.
Previously, Falotico was executive vice president for Ford Credit marketing, sales, Americas and strategic planning; vice president of North American operations; vice president of U.S. Sales Operations; vice president of global marketing; and had pan-European responsibility for customer and dealer service operations and risk management for Ford Credit Europe, the statement said.
Ford Motor Credit head Silverstone to retire, Falotico to succeed him
No comments:
Post a Comment