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Ford's Lawler to hand over CFO role to ex-Lucid executive, transition to vice chair
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Ford's Lawler to hand over CFO role to ex-Lucid executive, transition to vice chair
May 10, 2024 6:16 AM

May 10 (Reuters) -

Ford Motor ( F ) said on Friday that John Lawler would hand

over his role as finance chief to ex-Lucid Motors CFO Sherry

House in 2025 as he transitions to vice chair to take on broader

responsibilities at the Detroit automaker.

House, who has previously held leadership roles at

Alphabet's Waymo and worked with General Motors ( GM )

in two separate stints, will join Ford as vice president of

finance effective in early June and succeed Lawler later.

As vice chair, Lawler will focus on Ford's strategic

development, current and future global partnerships, and build

on the company's engagement with global leaders in regions

including China, Southeast Asia and Europe. He has been Ford's

CFO since October 2020,

The move comes as Ford executes on its "Ford+" growth

plan, which was launched in 2021 and is aimed at boosting sales

of both its gasoline- and battery-powered vehicles.

"Sherry adds an important leadership dimension to Ford

as we urgently build a profitable EV business, generate new and

recurring revenue streams, and create a more dynamic and

resilient company," Ford CEO Jim Farley said.

The carmaker recorded a

$1.3 billion operating loss

for its EV and software division in the first quarter.

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