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Filed under: Hirings/Firings/Layoffs, Ford

Ford Motor Co. today made several big-name executive and boardroom announcements, including the appointment of a former Republican presidential candidate, but none changed the almost certain succession of CEO and President Alan Mulally.

Mulally said Thursday with a snicker, "I looked over the press release very clearly and saw that my name was not among those retiring."

Mulally announced Thursday that Chief Financial Officer Lewis Booth (above, middle), 63, and Group Vice President and Global Product Development Chief Derrick Kuzak (above, left), 60, are retiring effective April 1. Booth will be replaced by Vice President and Controller Bob Shanks, and Kuzak will be replaced by VP of Engineering and Global Product Development Raj Nair. Both successions involve executives who have long been groomed for the top jobs, and represent orderly transition at Ford.

Ford's board of directors, which cleared the new executive appointments in their Wednesday meeting this week, also announced the addition of former Utah Governor, U.S. Ambassador to China and recent Republican presidential candidate John Huntsman Jr. (above, right) to the board. Huntsman represents an addition, and their were no board retirements.Continue reading Ford announces retirements of Kuzak and Booth, adds Huntsman to board

Ford announces retirements of Kuzak and Booth, adds Huntsman to board originally appeared on Autoblog on Thu, 09 Feb 2012 09:45:00 EST. Please see our terms for use of feeds.

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