30th Nov 2006 14:24
Ford Motor Co30 November 2006 Contact; Tom Hoyt 313.322.1524 [email protected] HANS-OLOV OLSSON TO RETIRE FROM FORD; LEWIS BOOTH NAMED CHAIRMAN OF VOLVO CARS DEARBORN, Mich., Nov. 30 - Ford Motor Company (NYSE: F) announced today thatHans-Olov Olsson will retire from the company effective Jan. 1, 2007.Simultaneously, the Board of Directors of Volvo Cars elected Lewis BoothChairman of the Board succeeding Mr. Olsson. Mr. Booth, 58, continues in hisrole as Executive Vice President, Ford of Europe and Premier Automotive Group. Mr. Olsson, 64, was non-executive Chairman, Volvo Cars, as well as serving asFord Motor Company's Chief Marketing Officer for the past year, withresponsibility for developing corporate marketing strategy in support of all ofthe company's brands. A successor in the Marketing position is not beingannounced at this time. Formerly, Mr. Olsson was Chairman of the Board of Volvo Cars. Prior to that, hewas Chief Executive Officer and President of Volvo Cars. He was born in Amal,Sweden and received his MBA at the University of Gothenburg in 1966. In 1973,Mr. Olsson studied International Senior Management at Harvard University inVevey, Switzerland. Mr. Olsson began his career as a systems engineer responsible for production,control, logistics and procurement for Volvo Cars and Trucks in 1966. He went onto hold a series of Volvo management positions in markets all over the world,including the U.S., Japan and Europe. "Hans-Olov's knowledge of the business and his record of success stand as atestament to his outstanding career," said Alan Mulally, president and CEO, FordMotor Company. "We wish Hans-Olov and his family all the best as he moves tothis new chapter in his life." Ford Motor Company, a global automotive industry leader based in Dearborn,Mich., manufactures and distributes automobiles in 200 markets across sixcontinents. With about 300,000 employees and more than 100 plants worldwide, thecompany's core and affiliated automotive brands include Aston Martin, Ford,Jaguar, Land Rover, Lincoln, Mazda, Mercury and Volvo. Its automotive-relatedservices include Ford Motor Credit Company. For more information regardingFord's products, please visit www.fordvehicles.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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