Ford Motor Co. (NYSE: F) will be making a number of changes to its European management team as a result of the purchase of Volvo Cars by Geely, which will be completed in September. A number of executives from Volvo Cars management team will be staying with Ford and will be taking new positions with the company when the sale of Volvo is completed.
On Thursday, Ford Motor Co. (NYSE: F) announced that Stephen Odell would leave his position as CEO of Volvo to take on a the role of CEO for Ford Europe. Odell, will replace John Fleming, who will move on to lead Ford Motor Co. (NYSE: F)’s global manufacturing and labor affairs operations.
“Stephen did an outstanding job leading Volvo back to profitability and has a strong record of delivering results for Ford of Europe,” said Alan Mulally, Ford’s chief executive in a news release.
The company also announced on Thursday that Jim Farley, global head of marketing at Ford, would take on a greater role as the company’s new lead of global marketing, sales and service operation.
“Jim has been instrumental in building the Ford brand to unprecedented strength in North America, and we are fortunate to have his experience and expertise to accelerate this progress globally,” said Mr. Mulally.
Li Shufu, founder and chairman of Zhejiang Geely Holding Group, will become Volvo’s new chairman. It’s also been reported that Volvo is in talks with Stefan Jacoby, former chief executive of Volkswagen Group of America, to assume the chief executive position at Volvo.
