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Ford CFO Bob Shanks plans to retire

Ford CFO to retire by the end of the year

Ford Motor CFO Bob Shanks prepares to retire and is expected to stay through the end of the year, CNBC reported on Thursday, mentioning sources.

A new finance chief would be possibly announced in the second half of 2019, CNBC stated.

Shanks became the chief financial officer of Ford in April 2012. Ford has not discussed the matter yet.

Shanks, who joined the automaker in 1977, has also been the CFO at Mazda Motor.

The automaker is restructuring operations worldwide, including cutting thousands of jobs and exploring at plant closures in Europe as part of its plan to return to profit in the continent.

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