Ford Names New CFO as Lawler Moves to Expanded Strategy Role [BNN Bloomberg (Canada)]
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Source: BNN Bloomberg
Ford also hired Sherry House, former CFO of EV startup Lucid Motors Inc., as vice president of finance with a plan to have her replace Lawler as CFO early next year, the company said in a statement. House, who also was previously treasurer at Waymo, Alphabet Inc.'s self-driving unit, will join Ford early next month. She will become Ford's first female CFO. In his newly created role, Lawler will be responsible for Ford's next phase of strategic development, including establishing partnerships with other companies that Chief Executive Officer Jim Farley has said will be critical to becoming profitable in EVs. This year, Ford has said it expects to lose as much as $5.5 billion in its electric vehicle unit, Model e, as it struggles to cut costs. The carmaker is slashing EV prices and reducing production in a slowing market for battery-powered vehicles. Lawler, who previously ran Ford's China operations and had leadership roles in the company's European business, will also be respon
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