Ford has hired Tim Stone as its next chief financial officer, effective June 1, succeeding Bob Shanks who is retiring at the end of 2019. Stone, 52, was named chief financial officer of social media platform Snap last May. "We're so excited to have Tim join Ford at this incredible time for our company as we strive to become the world's most trusted company, designing smart vehicles for a smart world," Ford CEO Jim Hackett said. In other management changes announced Thursday, Ford appointed Mark Ovenden president of its International Markets Group, succeeding Peter Fleet who is retiring. Stuart Rowley is the new president of Ford of Europe, and Steven Armstrong becomes Ford of Europe chairman.

Source: Forbes March 21, 2019 16:18 UTC