Ford Authority

Ford Credit, Ford Announce Executive Changes For 2024

Ford has been in the midst of a major executive shakeup over the past several months, recruiting people from other automakers and tech companies while also shifting some existing execs around and watching others leave as it works to execute its Ford+ plan for growth. Now, the company has announced even more moves in its executive ranks, both at Ford Motor Company and at its financing arm, Ford Credit.

Firstly, Ford announced that Marion Harris – president and CEO of Ford Credit – will retire in March, and his replacement has already been tabbed – Cathy O’Callaghan, Ford’s current vice president, controller, and chief accounting officer. O’Callaghan will be replaced by Mark Kosman, who currently serves as the company’s director of global accounting. Harris has been in his current role since 2019, and previously served as the company’s CFO and treasurer, along with various other roles in his 25-year career at The Blue Oval.

“Under Marion, Ford Credit was a source of strength through the global pandemic and now is remaking itself to support customers, dealers, and Ford in an entirely new era of transportation and software-enabled services,” said Ford CFO John Lawler. “Cathy is exceptionally well prepared to help complete that transition and grow the business, with her comprehensive global knowledge about Ford and an attention to customers that’s vital to winning over the long haul.”

“It’s really been an honor to serve this great American company for so long and to be leaving Ford Credit financially strong, with a great growth plan and a leadership team that will get it done,” Harris said. “We’re transforming the experience for our customers and dealers, so that Ford Credit remains a powerful reason why people choose and stay with Ford Motor Company.”

We’ll have the latest on Ford’s leadership shakeups as they happen, so be sure and subscribe to Ford Authority for 24/7 Ford news coverage.

Brett's lost track of all the Fords he's owned over the years and how much he's spent modifying them, but his current money pits include an S550 Mustang and 13th gen F-150.

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