SUBSCRIBE TO NEWSLETTER
Stay in the loop! Subscribe to our newsletter and gain access to exclusive insights, trends, and news from the world of business and leadership. Don’t miss out!
Ford Motor announces the transition of its Chief Financial Officer (CFO), John Lawler, to vice chair in 2025, signaling a shift in leadership responsibilities at the Detroit automaker.
Appointment of New CFO:
Sherry House, former CFO of Lucid Motors and with prior experience at Alphabet’s Waymo and General Motors, will join Ford as the Vice President of Finance in early June. She will succeed John Lawler as CFO later.
As Vice Chair, Lawler will focus on Ford’s strategic development, global partnerships, and engagement with leaders across regions, including China, Southeast Asia, and Europe. Lawler has served as Ford’s CFO since October 2020.
Strategic Focus on EV Business:
The leadership transition coincides with Ford’s implementation of its “Ford+” growth plan, which aims to bolster sales of both traditional gasoline-powered vehicles and electric vehicles (EVs). The move reflects the company’s commitment to expanding its presence in the EV market.
Ford reported a $1.3 billion operating loss for its EV and software division in the first quarter, highlighting the challenges and investments associated with transitioning to electric mobility and software-driven services.
