Ford Motor Company Today Announced That Ted Cannis, CEO, Ford Pro And Ford Customer Service Division, Has Elected To Retire At The End Of This Month
Portfolio Pulse from Benzinga Newsdesk
Ford Motor Company announced the retirement of Ted Cannis, CEO of Ford Pro and Ford Customer Service Division, effective at the end of the month. Andrew Frick will temporarily lead Ford Pro, while Daniel Justo is appointed VP of Ford Customer Service Division.
September 12, 2024 | 12:06 pm
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Ted Cannis, CEO of Ford Pro and Ford Customer Service Division, is retiring. His leadership was pivotal in building Ford Pro into a high-growth business. Andrew Frick will temporarily lead Ford Pro, and Daniel Justo is appointed VP of Ford Customer Service Division.
The retirement of a key executive like Ted Cannis could lead to short-term uncertainty, but the appointment of experienced leaders like Andrew Frick and Daniel Justo may stabilize operations. The impact on Ford's stock is likely neutral as the company has a succession plan in place.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90