FDM Group Regulatory News (FDM)

29 Oct 2008 18:32

 FORD OF MEXICO PRESIDENT AND CEO GOESER TO RETIRE: COMPANY VETERAN SERRANO TAPPED AS SUCCESSOR

DEARBORN, Mich., Oct. 29, 2008 – Ford Motor Company today announced that Louise Goeser, Ford Motor Company vice president and president and CEO of Ford of Mexico, has elected to retire, effective Nov. 1. Succeeding Goeser will be Eduardo Serrano, currently Ford of Mexico’s Chief Operating Officer.

“I would like to sincerely thank Louise for her significant contributions to Ford Motor Company over the years,” said Mark Fields, Ford Executive Vice President and President of the Americas. “Louise has consistently demonstrated a commitment to strengthening Ford’s business – particularly in the areas of manufacturing, vehicle quality and customer satisfaction.”

Goeser, 55, joined Ford in 1999 as vice president of Quality. She came to Ford with high-level corporate and quality leadership experience gained at Whirlpool Corporation and Westinghouse Electric Corporation. While serving as Ford’s Quality chief, the company successfully implemented Consumer Driven 6-Sigma, an important element in driving Ford’s quality improvements.

She was appointed president and CEO of Ford of Mexico in January 2005 and was essential in bringing new products to the Hermosillo, Cuautitlan and Chihuahua plants in addition to a joint venture for a transmission plant in Guanajuato.

“It is hard to describe how challenging, fulfilling and exciting my career with Ford Motor Company has been,” Goeser said. “I couldn’t have asked for a better experience – particularly these last few years in Mexico. As difficult as it will be to leave, I am looking forward to serving on boards and spending more time with my husband, children and grandchildren.”

Serrano, 49, joined Ford in 1982 as a Supplier Quality Assurance Representative for Ford of Mexico. Since then, he has held several key leadership positions in both the U.S. and Mexico. Prior to his current role, Serrano served as president, Ford Andina and director of product marketing for Ford Division. He previously held several positions with Ford of Mexico in the areas of supply chain, purchasing, quality assurance and marketing and sales. As president and CEO of Ford of Mexico, Serrano will report to David Schoch, executive director, Canada, Mexico and South America.

“Eduardo’s knowledge and understanding of our business in Mexico, the relationships he already has developed with our dealers and governmental and community leaders, along with his passion for Ford, make him the best possible candidate for taking the reins at Ford of Mexico,” Schoch said. “At this time, we are fortunate to have such a strong leader in place, who will continue to strengthen our business and overall presence in Mexico without skipping a beat.”

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Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles across six continents. With about 229,000 employees and about 90 plants worldwide, the company’s core and affiliated automotive brands include Ford, Lincoln, Mercury, Volvo and Mazda. The company provides financial services through Ford Motor Credit Company. For more information regarding Ford’s products, please visit www.ford.com.



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