AutoBeta(AutoBeta.net)02/15 Report--

Bob Shanks, Ford's chief financial officer, plans to retire in 2019, CNBC reported.

A person familiar with the matter told the media that Shanks may stay until the end of this year, and its successor is likely to begin the transition to the position in the second half of this year. "like all responsible boards, our board regularly reviews executive succession plans to ensure that we have better talent and a smooth transition if necessary," Ford said in a statement. "

Shanks joined Ford in 1977 and was appointed chief financial officer of Ford in April 2012. At present, Ford is restructuring its operations around the world, including cutting thousands of jobs and closing plants in Europe to make a regional profit.

In 2018, Ford sold 5.734 million vehicles worldwide, down 8.9% from a year earlier, with revenue of $160.338 billion, up 2.3% from a year earlier, and net profit of $3.677 billion, down 52.4% from a year earlier, of which Ford lost $1.1 billion in the Asia-Pacific region.

Ford sold 752243 vehicles in China in 2018, down 36.9% from 2017. Changan Ford's annual sales are still not good-looking, which can be said to be halved directly. For the whole year, 377700 new cars were sold, down 54.38% from the same period last year. Changan Ford sold 827000 vehicles for the whole year in 2017, and Changan Ford continued to decline in 2018 compared with 2017.

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