Peter C. Stern to Resign as President of Ford Integrated Services

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Stern, President of Ford Integrated Services, intends to resign from his position to pursue a new opportunity. His resignation will be effective December 15, 2024, and during the transition period, Michael R. Amend, the Company's Chief Enterprise Technology Officer, will lead Ford Integrated Services on an interim basis until a replacement is appointed.

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Ford Motor Company, a prominent entity in the automotive sector, is renowned for designing, manufacturing, and selling a full line of trucks, utility vehicles, and cars, domestically and internationally. This esteemed company, founded in 1903 and headquartered in Dearborn, Michigan, also holds a significant presence in the automotive financial services landscape through Ford Credit. Ford’s commitment to innovation is evident in its push towards sustainable and smart vehicles, including the development of electric and autonomous driving technologies. As a key player in the automotive industry, Ford impacts several sectors, including manufacturing, transportation, and energy. Its operations influence global supply chains, employment, and economic health. The company's broad market reach, storied history, and strategic emphasis on future mobility solutions reinforce its integral role in the automotive market's advancement and evolution.