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Ford today said it is elevating Jim Farley, its top marketing officer, to a global marketing role and said Stephen Odell, vice president and CEO of Volvo Cars, will become CEO of Ford of Europe after the company completes the sale of Volvo.
The automaker also said John Fleming, who currently serves as both chairman and CEO of Ford of Europe and head of global manufacturing and labor affairs, will concentrate on the global manufacturing and labor affairs role. That move frees Fleming to lead Ford in its labor talks with the UAW as its four-year contract with the union expires next year.
Farley, 48, is currently Ford group vice president of global marketing and was overseeing the company’s operations in Canada, Mexico and South America operations. In his new role, Farley will shed the operational duties but his marketing responsibilities will be expanded to include global oversight of sales and customer service.
Ford said this is the first time it has had a single executive in charge of marketing, sales and service throughout the world. For Farley, the change is effective Aug. 1.
“As we accelerate our profitable growth plan around the world, it is critical that we build a world-class global marketing, sales and service operation. There is no one better to lead this effort than Jim Farley,” Ford President and CEO Alan Mulally said in a statement.
The changes for both Odell and Fleming will occur after Ford completes the sale of Volvo to Zhejiang Geely Holding Group Ltd., which is expected to occur by the end of September.
Fleming, 58, was named CEO of Ford of Europe in 2005 and was given the added labor and manufacturing duties in December.
Odell, 55, has been president of Volvo since 2008. Since then, Odell both improved Volvo’s operations and guided the company through a complex sale process.
Ford also said Volvo CFO Stuart Rowley, 43, will become CFO of Ford of Europe.
“These moves allow us to strengthen our global team as we accelerate our One Ford plan and continue to profitably grow, serving our customers around the world,” Mulally said.
Separately, Geely said today announced that Li Shufu, its Chairman, will also become chairman of Volvo. Geely said it will name a CEO and CFO of Volvo in the near future.
Ford reached an agreement earlier this year to sell Volvo to Geely for $1.8 billion.
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The automaker also said John Fleming, who currently serves as both chairman and CEO of Ford of Europe and head of global manufacturing and labor affairs, will concentrate on the global manufacturing and labor affairs role. That move frees Fleming to lead Ford in its labor talks with the UAW as its four-year contract with the union expires next year.
Farley, 48, is currently Ford group vice president of global marketing and was overseeing the company’s operations in Canada, Mexico and South America operations. In his new role, Farley will shed the operational duties but his marketing responsibilities will be expanded to include global oversight of sales and customer service.
Ford said this is the first time it has had a single executive in charge of marketing, sales and service throughout the world. For Farley, the change is effective Aug. 1.
“As we accelerate our profitable growth plan around the world, it is critical that we build a world-class global marketing, sales and service operation. There is no one better to lead this effort than Jim Farley,” Ford President and CEO Alan Mulally said in a statement.
The changes for both Odell and Fleming will occur after Ford completes the sale of Volvo to Zhejiang Geely Holding Group Ltd., which is expected to occur by the end of September.
Fleming, 58, was named CEO of Ford of Europe in 2005 and was given the added labor and manufacturing duties in December.
Odell, 55, has been president of Volvo since 2008. Since then, Odell both improved Volvo’s operations and guided the company through a complex sale process.
Ford also said Volvo CFO Stuart Rowley, 43, will become CFO of Ford of Europe.
“These moves allow us to strengthen our global team as we accelerate our One Ford plan and continue to profitably grow, serving our customers around the world,” Mulally said.
Separately, Geely said today announced that Li Shufu, its Chairman, will also become chairman of Volvo. Geely said it will name a CEO and CFO of Volvo in the near future.
Ford reached an agreement earlier this year to sell Volvo to Geely for $1.8 billion.
More...