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Changes Afoot At Ford

Two of the most senior and respected members of the Ford Motor Co. management team will retire, the maker announced this morning, but CEO Alan Mulally stressed that he himself has “no plans to retire,” and insisted the executive shake-up will have no measurable impact on the way the Detroit maker operates.

Stepping down are Derrick Kuzak, the veteran engineer who oversaw Ford’s shift from a regional to a global product development strategy; and Lewis Booth, the maker’s Chief Financial Officer, who helped guide its financial turnaround during a dramatic industry downturn that saw its two domestic competitors declare bankruptcy.Nonetheless, the 65-year-old Mulally made it clear that he is quietly grooming the next generation of Ford managers, including the executive who will eventually succeed him.

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