With FoMoCo entering a bold new era of electrification, a number of the Ford executives have announced their pending retirements in recent months, including Hau Thai-Tang, the company’s chief industrial platform officer, Frederiek Toney, vice president, Ford Customer Service Division, Ford Blue, and Ford Credit CFO Brian Schaaf. Now, another trio of Ford executives have announced their plans to retire in the coming months – Stuart Rowley, Joy Falotico, and Steven Armstrong.
Rowley – Ford’s chief transformation and quality officer, plans to retire December 1st after over 32 years with the automaker. Over the course of that lengthy career, Rowley served in a series of senior leadership roles, including CFO of Volvo Cars, CFO for Ford of Europe, Ford’s global controller, head of strategy, chief operating officer for Ford North America, and as the president of Ford of Europe.
Falotico has served as the president of Lincoln since 2018 after holding roles as Ford’s chief marketing officer and chairman and CEO of Ford Credit, but will also be retiring December 1st after helping to drive the resurgence of luxury brand, including its substantial growth in China, strengthening the Lincoln retail network, and setting the stage for the brand’s electric and digital future. Falotico will be succeeded by Dianne Craig, who brings substantial experience in sales, marketing, advertising, field operations, and dealer relations to the global Lincoln role.
Finally, Steven Armstrong, vice president, India and South America Transformation, will retire January 1st, 2023, after 35 years with Ford. He has held many senior management and purchasing positions for Ford-owned Jaguar and Volvo in addition to Ford of Europe. He was the president of Ford South America, vice president and chief operating officer, Ford of Europe, and then group vice president and president, Ford of Europe, Middle East, and Africa over that time span. Prior to his current role, Armstrong was also the president of Changan Ford.
With these changes, Jim Baumbick, vice president, product development operations, cycle planning, and internal combustion engine programs, will take on responsibility for delivering industry-leading quality at Ford. Josh Halliburton, executive director of quality, will now report to Baumbick. Moving forward, responsibilities for Ford’s business in South America will be part of Ford Blue under Kumar Galhotra and the automaker’s India operations will be part of its IMG unit. Additionally, Ford Business Solutions will now report to Mike Amend, Ford’s chief enterprise technology officer.
We’ll have more on all of Ford’s executive shakeups as they happen, so be sure and subscribe to Ford Authority for non-stop Ford news coverage.
With Falotico retiring, Lincoln must just miraculously survive. Hopefully her replacement is from outside the company.
Falotico will be a loss… during her time, Lincoln marked out its place within Ford and started building a selection of very competitive vehicles. The future is bright for Lincoln despite the myriad of comments by armchair quarterbacks.