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.