Ford Motor Company (NYSE: F) announced that Lisa Materazzo, global chief marketing officer, will leave the company effective June 1. Dean Stoneley, global product marketing executive director, will serve as interim global chief marketing officer while Ford searches for a permanent successor.

Materazzo joined Ford in 2023 and led the modernization of Ford's global marketing function. She spearheaded the launch of the company's new global brand strategy under the "Ready, Set, Ford" banner.

"We appreciate Lisa's significant contributions to the Ford+ plan, including building a world-class team, driving customer loyalty and supporting our dealers around the world," said Jim Farley, Ford president and CEO.

Stoneley brings experience from his previous roles as CEO of Ford Canada and CEO of FordDirect. Farley noted that Stoneley has "extensive experience in digital strategy and advance product marketing."

In a statement, Materazzo said her tenure included "remarkable milestones" and called working on Ford's new global brand strategy "a profoundly rewarding experience."

The leadership transition comes as Ford continues implementing its Ford+ plan for growth across its three business segments: Ford Blue for gas-powered and hybrid vehicles, Ford Model e for electric vehicles, and Ford Pro for commercial customers.