Two top Ford executives to retire April 1

(February 10, 2012) DEARBORN, Mich.— Ford has announced that 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 has served the automaker for more than 30 years.
 
Booth, 63, will be succeeded by Bob Shanks, who is currently vice president and Controller. Kuzak, 60, will be succeeded by Raj Nair, who is currently vice president, Engineering, Global Product Development. Shanks and Nair assume their new positions April 1.
 
In addition to these changes, Ford is announcing the following moves, also effective April 1:

    Stuart Rowley, 44, currently chief financial officer, Ford of Europe, has been elected a company officer and will succeed Shanks as vice president and Controller
    Hau Thai-Tang, 45, currently executive director, Global Product Programs, has been elected a company officer and will succeed Nair as vice president, Engineering, Global Product Development

“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.”