Ford’s Pro Division CEO Announces Retirement
Ford Motor’s Ford Pro commercial and fleet business will see a change in leadership at the end of this month. After 35 years with the company, CEO Ted Cannis will retire and be temporarily replaced by Andrew Frick, president of Ford’s Blue operations. Ford Pro has been a significant profit driver for the automaker, generating approximately $18.7 billion in earnings and $184.5 billion in revenue since 2021. Wall Street analysts have praised the business, calling it a “hidden gem” similar to Ferrari. Cannis also oversaw the Ford Customer Service Division, which handles global parts, services, accessories, and vehicle customization. Upon Cannis’ retirement, Daniel Justo, current CFO of Ford Blue, will take over the operations. Cannis expressed excitement for the future of Ford Pro and FCSD, noting their growth and innovation.
SOURCE
Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.