From CNBC: 2024-05-10 12:24:39

Ford Motor Company announced the appointment of a new CFO, Sherry House, previously from Lucid Motors, to transition into the role by early 2025. Current CFO John Lawler will become vice chair, overseeing the company’s turnaround plan, amid challenges of inflated costs but with a focus on expanding electric vehicle sales. Ford continues to invest in its EV business, with expected losses between $5 billion and $5.5 billion this year.



Read more at CNBC: Ford names ex-Lucid Motors exec as next CFO, promotes current chief