Ford has announced Tim Stone as new Chief Financial Officer. Stone was most recently CFO at Snap where he left after just 8 months on the job. He succeeds Bob Shanks who announced his intention to retire at year-end.
Stone joins Ford after decades of experience in the tech industry. He served for 20 years at Amazon, where he led financial support of several of the company’s most significant business initiatives and oversaw operations for others. During this time the company scaled from $150 million in revenue with fewer than 1,000 employees to $200 billion in revenue with 575,000 employees. After his service at Amazon, Stone became chief financial officer for Snap Inc. In that role, he oversaw all finance operations for the public company as well as human resources, real estate, facilities, and security.
Jim Hackett, Ford's President and CEO, said: “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. He was a key player in the incredible success at Amazon and he understands the principles of fitness and growth as complementary virtues for Ford’s future.”
Ford also announced that Mark Ovenden has been named President of International Markets, Steven Armstrong has been named Chairman of Ford of Europe, and Stuart Rowley has been named President of Ford of Europe. All three executives will report to Jim Farley, President of Global Markets.