Transportation
Ford Hires Lucid’s Former Finance Chief to Replace Promoted CFO
- Carmaker taps Sherry House to become its first female CFO
- Moves come as Ford seeks a path to profit on electric vehicles
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Ford Motor Co. promoted Chief Financial Officer John Lawler to vice chair to oversee the automaker’s long-term strategy, bolstering its executive ranks as the company works to staunch billion in losses at its electric vehicle unit.
Ford also hired Sherry House, former CFO of EV maker Lucid Motors Inc., as vice president of finance with a plan to have her replace Lawler as CFO early next year, the company said in a statement. House, who also was previously treasurer at Waymo, Alphabet Inc.’s self-driving unit, will join Ford early next month. She will become Ford’s first female CFO.