Ford CFO to retire: CNBC
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/7/2026
- Wall Street ends lower, off record highs, as Treasury yields climb
- Want to be a stock market bear? BCA says watch potential U.S. tax increases
- SpaceX seeks $40bn in financing for Nvidia chip purchase
- Chip stock could soar nearly 200%, analyst says: "If you don’t buy it, they will"
- Musk rules out TSMC role in Terafab operations; Intel gains
Tweet
Share
E-mail
FILE PHOTO: The Ford logo is pictured on the company's stand during the 88th Geneva International Motor Show in Geneva, Switzerland, March 7, 2018. REUTERS/Denis Balibouse
(Reuters) - Ford Motor Co Chief Financial Officer Bob Shanks plans to retire and is expected to stay through the end of the year, CNBC reported on Thursday, citing sources.
A new finance chief is likely to be announced in the second half of this year, CNBC said.
Shanks was named the automaker's chief financial officer in April 2012. Ford did not immediately respond to a request for comment.
Shanks, who joined Ford in 1977, has also been the CFO at Mazda Motor Corp.
The No.2 U.S. automaker is restructuring operations globally, including cutting thousands of jobs and looking at plant closures in Europe as part of its plan to return to profit in the region.
(Reporting by Rama Venkat and Ankit Ajmera in Bengaluru)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- MicroVision stock tumbles on reiterated 2026 guidance
- Iren shares fall as SemiAnalysis highlights data center reliability issues
- AI boom no bubble but risks could trigger corrections, ex-World Bank governor says
Create E-mail Alert Related Categories
General News, Management Changes, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
