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Sept. 22, 2022, 9:41 a.m. EDT

Ford announces leadership changes as it accelerates 'Ford+' growth plan, bolsters supply chain operations

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By Tomi Kilgore

Shares of Ford Motor Co. /zigman2/quotes/208911460/composite F +0.65% eased about 0.1% in morning trading Tuesday, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.24% dropped 0.5%, after the auto maker announced leadership changes as it looks to accelerate its "Ford+" growth plan, and as it enters an "intense period of execution" of its $50 billion investment in electric vehicles (EVs). The company said Chief Financial Officer John Lawler will oversee on an interim basis a makeover of global supply chain operations until a permanent chief global supply chain officer is named. In addition, Doug Field was named chief advanced product development and technology officer; Lisa Drake, vice president of EV industrialization, will also lead manufacturing engineering as Ford looks to boost EV production to 2 million a year by the end of 2026; and Chuck Gray, VP of EV technology, was named VP of vehicle hardware engineering. And Roz Ho will join Ford from HP Inc. /zigman2/quotes/203461582/composite HPQ -0.19% and Jae Park will join from Alphabet Inc.'s /zigman2/quotes/202490156/lastsale GOOGL -0.30% Google to work on developing fully connected, software-defined vehicles and advanced driver assistance systems.

/zigman2/quotes/208911460/composite
US : U.S.: NYSE
$ 13.21
+0.08 +0.65%
Volume: 24.38M
Dec. 9, 2022 3:33p
P/E Ratio
5.98
Dividend Yield
4.54%
Market Cap
$52.75 billion
Rev. per Employee
$829,158
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/zigman2/quotes/210599714/realtime
US : S&P US
3,953.88
-9.63 -0.24%
Volume: 0.00
Dec. 9, 2022 3:33p
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/zigman2/quotes/203461582/composite
US : U.S.: NYSE
$ 28.43
-0.05 -0.19%
Volume: 3.73M
Dec. 9, 2022 3:33p
P/E Ratio
9.47
Dividend Yield
3.68%
Market Cap
$27.97 billion
Rev. per Employee
$1.07M
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/zigman2/quotes/202490156/lastsale
US : U.S.: Nasdaq
$ 93.43
-0.28 -0.30%
Volume: 18.46M
Dec. 9, 2022 3:33p
P/E Ratio
18.84
Dividend Yield
N/A
Market Cap
$1214.35 billion
Rev. per Employee
$1.79M
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