Ford Top Designer Mays Among Executives Retiring
Ford Motor Co. (F), the second-largest U.S. automaker, said leading executives in design, manufacturing and labor relations will retire after this year.
J Mays, 59, held the title of group vice president and chief creative officer. He will be succeeded by Moray Callum, 54, who was named vice president of design, the Dearborn, Michigan-based company said in a statement.
Also retiring is Jim Tetreault, 58, vice president of North American manufacturing, and Marty Mulloy, 57, vice president of labor affairs. Bruce Hettle, 52, was named to succeed Tetreault and Bill Dirksen, 53, replaces Mulloy. All of the appointments and retirements are effective Jan. 1.
Ford is in the midst of executive transition. The automaker last year named Mark Fields, 52, as chief operating officer. He assumed some duties from Chief Executive Officer Alan Mulally, 68, who the company has said will remain through the end of 2014.
Ford rose 0.5 percent to $17.09 at the close in New York trading. The shares have climbed 32 percent this year, outpacing the 24 percent increase for the Standard & Poor’s 500 Index.
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