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Ford said Ted Cannis, CEO of Ford Pro and the Ford Customer Service Division, has elected to retire at the end of this month after a 35-year career with the company, the company said on September 12, 2024.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Ford said Ted Cannis, CEO of Ford Pro and the Ford Customer Service Division, has elected to retire at the end of this month after a 35-year career with the company, the company said on September 12, 2024.

  2. The company said Andrew Frick, president of Ford Blue, will also lead Ford Pro on an interim basis until the company names a new leader.

  3. Ford said it has appointed Daniel Justo, currently chief financial officer of Ford Blue, as vice president and a company officer of the Ford Customer Service Division, effective October 1. Justo will report to Frick.

  4. Citing remarks from Jim Farley, president and CEO, the company said Ford Pro is tracking toward $70 billion in revenue this year and had 600,000 paid subscriptions in Q2.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Ted Cannis to retire after 35-year Ford career

Ford said Ted Cannis, CEO of Ford Pro and the Ford Customer Service Division, has elected to retire at the end of this month after a 35-year career with the company, the company said on September 12, 2024.

Source · Based on the filing body and exhibits

Andrew Frick named interim Ford Pro leader

The company said Andrew Frick, president of Ford Blue, will also lead Ford Pro on an interim basis until the company names a new leader.

Source · Based on the filing body and exhibits

Daniel Justo appointed vice president, FCSD

Ford said it has appointed Daniel Justo, currently chief financial officer of Ford Blue, as vice president and a company officer of the Ford Customer Service Division, effective October 1. Justo will report to Frick.

Source · Based on the filing body and exhibits

Ford Pro revenue tracking and subscriptions

Citing remarks from Jim Farley, president and CEO, the company said Ford Pro is tracking toward $70 billion in revenue this year and had 600,000 paid subscriptions in Q2.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.