FoMoCo announced today that two key executives at the company will be hanging up their hats. Lewis Booth, executive vice president and chief financial officer, and Derrick Kuzak, group vice president, Global Product Development, have elected to retire effective April 1. Each individual has served the Dearborn automaker for more than 30 years.
“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,” said Bill Ford, Ford’s executive chairman. “Lewis and Derrick were absolutely integral to the comeback of Ford and they are retiring with our deepest respect and gratitude.”
Booth will be succeeded by Bob Shanks, who is currently vice president and Controller. Kuzak will be succeeded by Raj Nair, who is currently vice president, Engineering, Global Product Development.
A world from Mulally on both Booth and Derrick:
“Bob is a terrific leader,” Mulally said. “He has been a wonderful partner to the leadership team in the implementation and institutionalization of the One Ford plan. His deep experience in finance, combined with his global perspective will allow us to continue to deliver an exciting profitably growing Ford.”
“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-class products,” said Mulally. “At the same time, he prioritized the development of the next generation of talented, experienced product leaders who will continue to deliver for our global customers.”
– By: Omar Rana