Ford Chief Financial Officer Shanks to Retire; Stone to Take Post -- Update
March 21 2019 - 08:47AM
Dow Jones News
By Colin Kellaher
Ford Motor Co. (F) on Thursday said Bob Shanks, its chief
financial officer, will retire at the end of the year.
The auto maker said Tim Stone, a 20-year Amazon.com Inc. (AMZN)
veteran and former chief financial officer of Snap Inc. (SNAP),
will succeed Mr. Shanks as CFO on June 1.
Ford said Mr. Stone, 52 years old, will join the company on
April 15 as an officer.
Snap in January announced the surprise departure of Mr. Stone,
who spent less than a year as chief financial officer of the
social-media company after joining from Amazon, where he led the
integration of the online retail giant's $13.7 billion acquisition
of Whole Foods.
Ford said Mr. Shanks, 66, will work with Mr. Stone on the
transition. The 42-year Ford veteran will then work on special
projects through the end of the year, the auto maker said.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
March 21, 2019 08:32 ET (12:32 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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