Welcome to the North American Subaru Impreza Owners Club Sunday August 20, 2017
Home Forums WikiNASIOC Products Store Modifications Upgrade Garage
Go Back   NASIOC > NASIOC General > News & Rumors > Non-Subaru News & Rumors

Welcome to NASIOC - The world's largest online community for Subaru enthusiasts!
Welcome to the NASIOC.com Subaru forum.

You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, free of charge, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, so please join our community today!

If you have any problems with the registration process or your account login, please contact us.
* Registered users of the site do not see these ads. 
Thread Tools Display Modes
Old 02-09-2012, 12:41 PM   #1
Scooby Specialist
Member#: 69694
Join Date: Sep 2004
Chapter/Region: SCIC
Location: My personal hell
2014 EuroPinto 5MT

Default Former Utah Governor Jon Huntsman, Jr. appointed to Ford Board of Directors

I wonder if Huntsman is in the running to be Ford's next CEO. He has business experience and experience dealing in Asia.


[COLOR=blue !important][COLOR=blue !important]Ford[/color][/color] (F: 12.73, -0.11, -0.88%) announced on Thursday the retirement of Lewis Booth, its chief financial officer, as well as global products chief Derrick Kuzak.
Dearborn, Mich.-based Ford also unveiled the appointment of former GOP presidential candidate Jon Huntsman Jr. to its board of directors.
Booth, 63, plans to retire on April 1 after 34 years with the company, paving the way for Bob Shanks, currently vice president and controller, to take over.
Booth helped guide Ford out of a huge debt hole and shore up its liquidity, enabling the company to receive stronger credit ratings and avoid a bankruptcy filing during the deep recession. Ford said its balance sheet has improved on a net cash basis by $20 billion over the last three years.
Before joining Ford in 1978, Booth led the [COLOR=blue !important][COLOR=blue !important]auto[/color][/color] maker’s European and Japanese divisions. The retirement of Booth had been anticipated as it was signaled in an article in The Wall Street Journal last month.
“Lewis Booth and Derrick Kuzak represent the very best of Ford and our culture and built a legacy of leadership, integrity and commitment to excellence that will benefit us for years to come," Bill Ford, Ford's executive chairman, said in a statement.
Kuzak, who has been with Ford for 33 years, will also step down on April 1. He will be succeeded by Raj Nair, the company’s vice president of engineering and global product development.
Ford credited Kuzak with “defining” the company’s “vehicle DNA for Ford and Lincoln” as well as overhauling its global product development system and spearheading its fuel efficiency efforts.
“Derrick's commitment to product excellence and continuous improvement has allowed Ford to deliver to our customers the industry's freshest showroom with a complete family of best-in-[COLOR=blue !important][COLOR=blue !important]class[/color][/color] products," said Ford CEO Alan Mulally.
Meanwhile, Ford tapped Huntsman, the former Republican governor of Utah and U.S. Ambassador to China, to join its board.
The move comes after Huntsman bowed out of the GOP presidential race, failing to gain traction in the contest.
“Jon brings to Ford's board of directors extensive global knowledge and experience -- particularly in Asia with trade issues -- and operational experience gained as governor of Utah, a state that has grown jobs even during the economic crisis," Bill Ford said.
Shares of Ford started the day flat, trading off just 0.08% to $12.83. The company’s stock has soared almost 20% so far this year.
* Registered users of the site do not see these ads.
Eyeflyistheeye is offline   Reply With Quote
Sponsored Links
* Registered users of the site do not see these ads.

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Bill Ford Jr. wants to Ford to become the "Green Oval" Chromer Non-Subaru News & Rumors 5 11-25-2008 12:09 AM
Utah Governor signs anti-porn bill Hazdaz Off-Topic 11 03-24-2005 11:55 PM
Bush to appoint evangelical as head of FDA JMP73 Political Playground 53 11-12-2004 04:46 PM
"I helped Bush dodge draft..." - former lieutenant governor of TX Hazdaz Off-Topic 8 08-28-2004 09:17 PM
Anybody have a TXS tuning appointment they want to get rid of? S-1 Mid Atlantic Impreza Club -- MAIC 0 11-30-2003 11:49 PM

All times are GMT -4. The time now is 09:39 PM.

Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.
Powered by Searchlight © 2017 Axivo Inc.
Copyright ©1999 - 2017, North American Subaru Impreza Owners Club, Inc.