Investor News

• Gerhard Schmidt, Chief Technical Officer and vice president, Research & Advanced Engineering, will retire Feb. 1
• Paul Mascarenas, currently vice president, Engineering, is appointed Chief Technical Officer and vice president, Research & Advanced Engineering, replacing Schmidt effective Jan.1
• Ingvar Sviggum, vice president, Marketing, Sales and Service, Ford of Europe, will retire Jan. 1. He will be succeeded by Roelant de Waard, vice president, Sales, Ford of Europe, who is elected an officer of the company
• Barb Samardzich, vice president, Powertrain Engineering, is appointed vice president, Global Product Programs, effective Jan. 1
• Joe Bakaj, vice president, Global Product Programs and Product Development, Ford of Europe, is appointed vice president, Powertrain Engineering, effective Jan. 1
• Raj Nair, vice president, Operations, Asia Pacific and Africa, is elected an officer of the company and appointed vice president, Engineering, effective Jan. 1

Gerhard Schmidt

DEARBORN, Mich., Oct. 21, 2010 – Ford Motor Company today announced the retirements of two company officers as well as a series of executive appointments that will further strengthen Ford’s global management team in support of the company’s One Ford plan.

Gerhard Schmidt, Ford’s Chief Technical Officer and vice president, Research & Advanced Engineering, will retire Feb 1, after 10 years with the company.

Schmidt, 64, a former executive with BMW AG, has led Ford’s worldwide research organization based in Dearborn, and Aachen, Germany. Ford’s Research and Advanced Engineering staff of scientists, engineers and technicians is dedicated to supporting the company as a leader in providing safe, sustainable and affordable mobility through innovation in science and technology.

Paul Mascarenas

“Gerhard has been a visionary leader for Research & Advanced Engineering,” said Derrick Kuzak, Ford group vice president, Global Product Development. “Many of the technologies that are now changing consumers’ views of Ford – EcoBoost, state-of-the-art diesels, SYNC – all had their roots in Research & Advanced Engineering. Gerhard’s commitment to customer-driven technology and an unrelenting drive to see that technology in our production vehicles has left a lasting imprint on all of us, and just as importantly, on our processes.”

Succeeding Schmidt as Chief Technical Officer and vice president, Research & Advanced Engineering will be Paul Mascarenas, 49, currently Ford’s vice president, Engineering. He will report to Kuzak.

Ingvar Sviggum

Ford also announced that Ingvar Sviggum, vice president, Marketing, Sales and Service, Ford of Europe, will retire Jan. 1. Sviggum, 65, was appointed vice president, Marketing, Sales and Service for Ford of Europe in April 2008. Prior to that, Sviggum was vice president, European Sales Operations for Ford of Europe. He joined Ford Norway in 1963 as a trainee.

“Ingvar has made a huge contribution to Ford in his close to half a century of service with our company,” said Stephen Odell, chairman and CEO, Ford of Europe. “He has a wealth of experience and knowledge that is unrivaled and has shown throughout the years a true passion for the business and a talent for leadership.”

Sviggum vice president, Marketing, Sales and Service, Ford of Europe, will be succeeded by Roelant de Waard, 48, currently vice president, Sales, Ford of Europe. De Waard also is appointed an officer of Ford Motor Company. He will report to Odell and Jim Farley, group vice president, Global Marketing, Sales and Service.

Barb Samardzich

In addition to these changes, Ford is announcing several key executive appointments in its Global Product Development organization, reporting to Kuzak. Effective Jan. 1:

• Barb Samardzich, 52, vice president, Powertrain Engineering, is appointed vice president, Global Product Programs. Concurrently, Hau Thai-Tang, 44, director, Product Development, Ford South America Operations, is appointed executive director, Global Product Programs.
• Joe Bakaj, 48, vice president, Global Product Programs and Product Development, Ford of Europe, is appointed vice president, Powertrain Engineering.

Joe Bakaj
• Raj Nair, 45, vice president, Operations, Ford Asia Pacific and Africa, is elected an officer of the company and appointed Vice President, Engineering.
• Frank Davis, 49, executive director, North America Product Programs, is appointed vice president, Product Development, Ford of Europe. Davis will report to both Odell and Kuzak.
• Matt O’Leary, 55, director, Corporate Strategy, is appointed director, Product Development, Ford South America Operations, replacing Hau Thai-Tang. O’Leary will report to Kuzak and Eduardo Serrano, executive director, Latin America.

“These moves further strengthen our Global Product Development team as we continue to accelerate the development of new vehicles around the world that customers truly desire with the best quality, fuel efficiency, safety, smart design and value,” Kuzak said.

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About Ford Motor Company
Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles across six continents. With about 159,000 employees and about 70 plants worldwide, the company’s automotive brands include Ford, Lincoln and Mercury, production of which has been announced by the company to be ending in the fourth quarter of 2010. The company provides financial services through Ford Motor Credit Company. For more information regarding Ford’s products, please visit www.ford.com.