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Ford Announces Retirements in Treasury, Product Development and Manufacturing

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  • Kenneth R. Kent, vice president and treasurer, Ford Motor Company, has
    elected to retire; Succeeding Kent will be David Webb, assistant
    treasurer
  • Joe Bakaj, vice president, Product Development, Ford of Europe, has
    elected to retire; Succeeding Bakaj will be Joerg Beyer, executive
    engineering director, Ford of Europe
  • Bill Russo, vice president, Manufacturing, Ford Asia Pacific has
    elected to retire; His replacement will be the subject of a future
    announcement

DEARBORN, Mich.–(BUSINESS WIRE)–Ford Motor Company today announced the retirements of three long-serving
global executives – Kenneth R. Kent, vice president and treasurer; Joe
Bakaj, vice president, Product Development, Ford of Europe; and Bill
Russo, vice president, Manufacturing, Ford of Asia Pacific – effective
at the end of the year.

“All three of these leaders have given decades of distinguished service
to Ford around the world,” said Jim Hackett, Ford president and CEO.
“Each has brought unique perspectives, deep expertise, and integrity in
helping Ford grow and prosper over many years. We are grateful for their
service and wish them the best in the future.”

Kent was named vice president and treasurer on Aug. 1, 2017. He has held
several leadership positions in Finance, including controller of The
Americas and executive director, Investor Relations. Kent has also
served as vice chairman and chief financial officer, Ford Motor Credit
Company.

David Webb, assistant treasurer, will take over the Treasurer role. Webb
joined Ford in 2003 and holds a bachelor’s degree in economics from
Wheaton College and a master’s of business administration from the
University of Michigan.

Bakaj became vice president, Product Development, Ford of Europe, in
November 2013. He has more than 30 years of Ford product development
experience having served as vice president, Powertrain Engineering, and
vice president, Global Product Programs, in addition to his current
role. Bakaj was recognized as an Automotive News All Star in 2011 for
his work on Ford’s small EcoBoost engines and received the 2011
Automotive News Europe Eurostar award for his extensive work on renewing
Ford products in Europe. Under his engineering leadership, Ford Transit
became Europe’s number one commercial vehicle brand, and America’s top
selling commercial van.

At the same time, Joerg Beyer, executive engineering director, Ford of
Europe, becomes executive director of Product Development for Ford of
Europe. Beyer has over 28 years of product development experience at
Ford Motor Company. In addition to having led all Global Programs in
Ford’s Development Centers around the world, his past experiences also
include being Global Programs Vehicle Line Director, Global B-Segment
Vehicles and also Chief Engineer for the current Ford Fiesta.

Russo has served as vice president, Manufacturing, Ford of Asia Pacific,
since January 2016. Prior to his appointment, Russo was director, Global
Powertrain Manufacturing Engineering. He joined Ford in May 2001 as
director, vehicle operations, Manufacturing Engineering for the
Americas. Prior to joining Ford, he held executive positions at
Walbridge Aldinger, Industrial Advisors of America and Chrysler Corp. A
replacement for Russo will be the subject of a future announcement.

Related information

  • For biographical information and a photo of Kenneth R. Kent, click
    here
    .
  • For biographical information and a photo of Joe Bakaj, click
    here
    .
  • For biographical information and a photo of Bill Russo, click
    here
    .
  • For biographical information and a photo of Joerg Beyer, click
    here
    .

About Ford Motor Company

Ford Motor Company is a global company based in Dearborn, Michigan.
The company designs, manufactures, markets and services a full line of
Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury
vehicles, provides financial services through Ford Motor Credit Company
and is pursuing leadership positions in electrification, autonomous
vehicles and mobility solutions. Ford employs approximately 200,000
people worldwide. For more information regarding Ford, its products and
Ford Motor Credit Company, please visit
www.corporate.ford.com.

For news releases, related materials and high-resolution photos and
video, visit www.media.ford.com.

Contacts

Global
Said Deep
313-594-0942
sdeep@ford.com

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