Management Turnover as Change Agent

Friday, October 10, 2008

Ford Makes Key Management Change - New CFO

Ford Motor Company F (NYSE), the struggling American car manufacturer, has turned to its 59 year old European executive Lewis Booth.  On November 1, Booth will replace Chief Financial Officer Don Leclair who has been the firm's CFO since 2003.  Booth is often slated as a potential successor to Alan Mullahy, Ford's current CEO.  As American car firms seek a way out of their current serious financial and sales predicament, Booth comes to his new position at a propitious moment.  According to the Free Press Booth has been considered to have,
played a leading role in the successful transformation of Ford of Europe and Mazda during the past decade.
Can Ford and General Motors find a way out of their circumstances? Stay tuned.

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