FDM Group Regulatory News (FDM)

20 Sep 2007 15:54

Ford Motor Co20 September 2007 NEWS Contact: Mark Truby 313-323-0539 mtruby@ford.com IMMEDIATE RELEASE FORD MOTOR COMPANY MAKES LEADERSHIP CHANGES • John Parker is elected executive vice president of Ford Motor Company - Asia Pacific and Africa. • Michael Bannister, chairman and chief executive officer of Ford Motor Credit Company, is elected an executive vice president of Ford Motor Company. • Francisco Codina, group vice president, North American Marketing, Sales and Service, will retire after a 30-year career with Ford. DEARBORN, Mich., Sept. 20 - Ford Motor Company President and Chief ExecutiveOfficer Alan Mulally today announced changes to his senior leadership team withthe elevation of two key executives and the retirement of another. John Parker, 59, has been elected an executive vice president of Ford MotorCompany - Asia Pacific and Africa, one of the company's three core regionalbusiness units. Parker has been leading the region as a group vice president,based in Bangkok, Thailand. He will continue to have responsibility for all ofFord's operations and partnerships within Asia Pacific and Africa, includingMazda. He continues to report to Mulally. "John is a tremendous leader delivering solid results in the world's fastestgrowing and most dynamic region," Mulally said. "With John leading the way, Fordis poised for fast growth in Asia, as we work together to create the productsthat customers really want and value." Mike Bannister, chairman and chief executive officer of Ford Motor CreditCompany, also has been elected an executive vice president of Ford MotorCompany. Bannister, 57, will continue to be responsible for all operations ofFord Motor Credit worldwide, reporting to Don Leclair, executive vice presidentand chief financial officer. "Mike is an exceptional leader with tremendous business and financial acumen. Heis steering us to ever higher levels of excellence at Ford Motor Credit, whichremains strategically core to our company's fixture," Mulally said. 'Tinder Mike's continued leadership, Ford Motor Credit is performing solidly throughreduced costs, improved effectiveness and streamlined global operations." Francisco Codina, group vice president, North American Marketing Sales andService, has elected to retire after 30 years with Ford Motor Company. Hisretirement is effective Nov. 1. Ford is beginning an immediate search for hisreplacement. "Cisco's passion and dedication to Ford will be missed," said Mark Fields, executive vice president and president - The Americas. "Under Cisco's leadership, we began to stabilize our retail market share, energize our dealers,improve the resale value of our vehicles and speak with a more confident tone inour marketing. Codina joined Ford in 1977 and has served as vice president - Ford Customer Service Division, as well as general marketing manager for Ford Division, president of Ford of Argentina and a variety of sales and marketing assignments throughout the U.S. He was appointed group vice president, Marketing, Sales and Service in January 2006. ### Ford Motor Company, a global automotive industry leader based in Dearborn,Mich., manufactures and distributes automobiles in 200 markets across sixcontinents. With about 300,000 employees worldwide, the company's core andaffiliated automotive brands include Aston Martin, Ford, Jaguar, Land Rover,Lincoln, Mazda, Mercury and Volvo. Its automotive-related service includes Ford Motor Credit Company. For more information regarding Ford's products, please visit www.fordvehicles.com. Go to http://media.ford.com for news releases and high-resolution photographs. This information is provided by RNS The company news service from the London Stock Exchange