Ford Names Lawler Vice Chair With Expanded Ford+ Role; House Joins as Finance VP, to Transition Into CFO Role
May 10 2024 - 7:00AM
Business Wire
- John Lawler, CFO and one of the architects of the Ford+ plan,
taking on broader responsibilities as vice chair to help lead on
future strategy choices, fully leverage partnerships, and liaise
with leaders on industry-critical policy around the globe
- Sherry House joining Ford in June with experience across
automotive, tech and startups, with plan to become CFO early next
year as company drives profitable growth across segments,
particularly EVs, software and services
Ford Motor Company today announced senior leadership moves
designed to build on significant progress against its Ford+ plan
and speed profitable growth through a more resilient business.
John Lawler, Ford’s CFO since October 2020, will
initially continue in that role while also becoming vice chair, a
position in which he will lead the company in areas critical to its
long-term success.
Additionally, Sherry House, who most recently was CFO at
electric vehicle maker Lucid Motors, is joining Ford as vice
president, Finance, part of a plan to succeed Lawler as CFO in
early 2025. In the meantime, she will oversee financial planning
and analysis as well as the finance organizations for the company’s
automotive businesses: Ford Blue, Ford Pro and Ford Model e.
Both assignments are effective in early June.
As vice chair, Lawler will focus on:
- The next phase of Ford’s strategic development, including
important choices across technologies, markets, alliances and
segments
- All current and future global partnerships, which are
increasingly vital to Ford’s customer insight, technological
capabilities and competitiveness, and
- Engagement with global leaders as vice chair, including in
China, Southeast Asia and Europe, to advance industry-critical
policy in areas vital to Ford’s strategic and commercial
imperatives.
“The progress we’re achieving with Ford+ enables us to make
these moves and drive a new level of strategic focus and
execution,” Ford President and CEO Jim Farley said. “John is an
outstanding strategic business leader and can leverage his talent
and global experience to help Ford compete and win in this
fast-changing and extremely competitive environment.”
“At the same time, Sherry adds an important leadership dimension
to Ford as we urgently build a profitable EV business, generate new
and recurring revenue streams, and create a more dynamic and
resilient company,” Farley added. “Sherry combines deep roots and a
passion for the auto industry with real-world experience in
investment banking, mobility and technology, including EVs and
autonomy.”
Lawler’s vice chair assignment will take advantage of an
organizationally and geographically expansive Ford career. Among
past assignments, he spent nearly four years as president of Ford
China during a period of record in-country performance; oversaw
Ford’s autonomous vehicles business and mobility partnerships; was
controller and CFO of global markets; and served in Ford of
Europe.
“I’m honored to take on this broader role, working with Jim to
advance our global strategy and bringing my experience, knowledge
and relationships to bear through Ford+,” Lawler said. “This is a
great challenge with great possibilities and I’m eager to get after
it.”
In joining Ford, House is returning to her home state and where
she began her career in a now rapidly changing auto industry –
something she’s influenced directly.
“I’m delighted to join such an iconic company at this exciting
and important time for Ford and the industry,” House said. “In my
career, I have been fortunate to work as an executive, an advisor
and an investor across the automotive and technology sectors, and
in venture capital and startups. I look forward to working with
Ford's world-class team and to applying the breadth of my
experience to help Ford compete and win."
House served as CFO at Lucid Motors for nearly three years until
last December, a period in which the company went public, started
producing and delivering its luxury EVs, and opened manufacturing
plants in the U.S. and Saudi Arabia. Prior to joining Lucid, she
held several senior leadership positions at Waymo, the
California-based autonomous-driving technology company, including
as treasurer and, at different times, head of investor relations,
corporate development and corporate finance.
Earlier, House spent a decade working in venture capital,
private equity and investment banking. She served two tenures at
General Motors, first in product engineering, then corporate
development and strategy, accounting, venture capital, and business
planning and analysis.
House holds master’s degrees in business administration and
manufacturing engineering from the University of Michigan in Ann
Arbor, and bachelor of science degrees in mechanical and industrial
engineering from Kettering University in Flint, Mich. In 2022, she
was named an Industry Influencer by the Automotive Hall of Fame
About Ford Motor Company
Ford Motor Company (NYSE: F) is a global company based in
Dearborn, Michigan, committed to helping build a better world,
where every person is free to move and pursue their dreams. The
company’s Ford+ plan for growth and value creation combines
existing strengths, new capabilities and always-on relationships
with customers to enrich experiences for customers and deepen their
loyalty. Ford develops and delivers innovative, must-have Ford
trucks, sport utility vehicles, commercial vans and cars and
Lincoln luxury vehicles, along with connected services. The company
does that through three customer-centered business segments: Ford
Blue, engineering iconic gas-powered and hybrid vehicles; Ford
Model e, inventing breakthrough EVs along with embedded software
that defines exceptional digital experiences for all customers; and
Ford Pro, helping commercial customers transform and expand their
businesses with vehicles and services tailored to their needs.
Additionally, Ford provides financial services through Ford Motor
Credit Company. Ford employs about 176,000 people worldwide. More
information about the company and its products and services is
available at corporate.ford.com.
For news releases, related materials and high-resolution photos
and video, visit www.media.ford.com.
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Media T.R. Reid 1.313.319.6683
treid22@ford.com
Equity Investment Community Lynn Antipas Tyson 1.914.485.1150
ltyson4@ford.com
Fixed-Income Investment
Community Jessica Vila-Goulding
1.313.248.3896 jvila5@ford.com
Shareholder Inquiries 1.800.555.5259 or 1.313.845.8540
stockinf@ford.com
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