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October 21, 2008

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Don Leclair To Retire From Ford Motor Company - Lewis Booth Transitions To Chief Financial Officer

Don Leclair

Lewis Booth

DEARBORN, Mich. – Ford Motor Company today announced that Chief Financial Officer Don Leclair will retire Nov. 1 after an accomplished 32-year career. Lewis Booth – who played a leading role in the successful transformation of Ford of Europe and Mazda during the past decade – will become the company's Executive Vice President and Chief Financial Officer.

"Don's expertise and business acumen have been invaluable to Ford," Ford President and CEO Alan Mulally said. "Under his leadership, Ford has made significant progress in lowering costs, improving quality, improving efficiency, divesting non-core assets, improving our balance sheet and moving us to our One Ford."

Leclair and Booth will work together in the coming weeks to ensure a smooth transition.

"Lewis Booth is one of the strongest and most experienced leaders within Ford and the auto industry," Mulally said. "He was instrumental in the transformation of Mazda and Ford of Europe to profitability and growth. He has built a strong and successful team in Ford of Europe that is well positioned to continue the momentum. And he has put in place new leadership at Volvo to turn around its results and build the strength of this premium brand."

Booth comes to the CFO position with broad operational experience in Europe, Asia and North America as well as a deep background in finance and product development.

Ford also today announced that John Fleming is appointed Executive Vice President and Chairman and CEO, Ford of Europe, succeeding Lewis Booth. Fleming will assume responsibility for Ford of Europe, Volvo Car Corporation and Ford's Export Operations & Global Growth Initiatives. He will report directly to Mulally.

Leclair, 56, was named Executive Vice President and CFO in August 2003. He joined Ford in 1976.

Booth, 59, was named to his present position in 2005 and also formerly was responsible for the Premier Automotive Group. He joined Ford of Europe in 1978 as a financial analyst. During his career, he has had a series of senior leadership positions around the world, including Ford of Europe, Ford Asia Pacific, Ford South Africa, Mazda and Ford's Finance, Truck Operations, Product Development, Manufacturing and Sales operations in Europe, Asia and North America.

Fleming, 57, was named Group Vice President and President and CEO, Ford of Europe, in 2005. He joined Ford's manufacturing operations in the UK in 1967. During his career, Fleming has served in a variety of leadership positions in Ford's global Manufacturing operations, including managing four automotive assembly plants and three stamping and component plants.

Photos: Ford

(Oct. 10, 2008)

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