Ford Announces Retirements in Treasury, Product Development and Manufacturing
December 06 2018 - 6:00PM
Business Wire
- Kenneth R. Kent, vice president and
treasurer, Ford Motor Company, has elected to retire; Succeeding
Kent will be David Webb, assistant treasurer
- Joe Bakaj, vice president, Product
Development, Ford of Europe, has elected to retire; Succeeding
Bakaj will be Joerg Beyer, executive engineering director, Ford of
Europe
- Bill Russo, vice president,
Manufacturing, Ford Asia Pacific has elected to retire; His
replacement will be the subject of a future announcement
Ford Motor Company today announced the retirements of three
long-serving global executives – Kenneth R. Kent, vice president
and treasurer; Joe Bakaj, vice president, Product Development, Ford
of Europe; and Bill Russo, vice president, Manufacturing, Ford of
Asia Pacific – effective at the end of the year.
“All three of these leaders have given decades of distinguished
service to Ford around the world,” said Jim Hackett, Ford president
and CEO. “Each has brought unique perspectives, deep expertise, and
integrity in helping Ford grow and prosper over many years. We are
grateful for their service and wish them the best in the
future.”
Kent was named vice president and treasurer on Aug. 1, 2017. He
has held several leadership positions in Finance, including
controller of The Americas and executive director, Investor
Relations. Kent has also served as vice chairman and chief
financial officer, Ford Motor Credit Company.
David Webb, assistant treasurer, will take over the Treasurer
role. Webb joined Ford in 2003 and holds a bachelor’s degree in
economics from Wheaton College and a master’s of business
administration from the University of Michigan.
Bakaj became vice president, Product Development, Ford of
Europe, in November 2013. He has more than 30 years of Ford product
development experience having served as vice president, Powertrain
Engineering, and vice president, Global Product Programs, in
addition to his current role. Bakaj was recognized as an Automotive
News All Star in 2011 for his work on Ford’s small EcoBoost engines
and received the 2011 Automotive News Europe Eurostar award for his
extensive work on renewing Ford products in Europe. Under his
engineering leadership, Ford Transit became Europe’s number one
commercial vehicle brand, and America’s top selling commercial
van.
At the same time, Joerg Beyer, executive engineering director,
Ford of Europe, becomes executive director of Product Development
for Ford of Europe. Beyer has over 28 years of product development
experience at Ford Motor Company. In addition to having led all
Global Programs in Ford’s Development Centers around the world, his
past experiences also include being Global Programs Vehicle Line
Director, Global B-Segment Vehicles and also Chief Engineer for the
current Ford Fiesta.
Russo has served as vice president, Manufacturing, Ford of Asia
Pacific, since January 2016. Prior to his appointment, Russo was
director, Global Powertrain Manufacturing Engineering. He joined
Ford in May 2001 as director, vehicle operations, Manufacturing
Engineering for the Americas. Prior to joining Ford, he held
executive positions at Walbridge Aldinger, Industrial Advisors of
America and Chrysler Corp. A replacement for Russo will be the
subject of a future announcement.
Related information
- For biographical information and a
photo of Kenneth R. Kent, click here.
- For biographical information and a
photo of Joe Bakaj, click here.
- For biographical information and a
photo of Bill Russo, click here.
- For biographical information and a
photo of Joerg Beyer, click here.
About Ford Motor Company
Ford Motor Company is a global company based in Dearborn,
Michigan. The company designs, manufactures, markets and services a
full line of Ford cars, trucks, SUVs, electrified vehicles and
Lincoln luxury vehicles, provides financial services through Ford
Motor Credit Company and is pursuing leadership positions in
electrification, autonomous vehicles and mobility solutions. Ford
employs approximately 200,000 people worldwide. For more
information regarding Ford, its products and Ford Motor Credit
Company, please visit www.corporate.ford.com.
For news releases, related materials and
high-resolution photos and video, visit www.media.ford.com.
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