And another one bites the dust
December 08, 2006

Ford announced another top executive is leaving the company.

Mark Schulz, 54, Ford executive vice president and president of international operations, will retire early next year. His imminent departure was suspected when he failed to show up at the important Beijing motor show in November, with a full schedule of events and press interviews planned.

Schulz was responsible for Ford business in Europe, Africa and Asia-Pacific as well as global activities of the Premier Automotive Group, which consists of Aston Martin, Jaguar, Land Rover and Volvo. He was also in charge of the partnership with Mazda. Of late, there has been some speculation that Ford's stake in Mazda may be sacrificed as part of the effort to raise much-needed cash.

More executive departures are possible. Ford just passed the deadline for blue-collar workers to accept retirement or buyout, accepted by 38,000 workers. Now salaried workers are approaching their deadline to take the deals.

Posted by Michelle Krebs at 6:36 AM under Companies , Personalities | Comments (0) | digg this | Seed Newsvine