Ford names Amazon veteran Tim Stone as CFO

REUTERS: Ford Motor Co on Thursday named Amazon.com Inc veteran Tim Stone as chief financial officer, the automaker's first external hire for the role in seven decades.

He decided to quit Snap less than a year after taking the job, becoming the second finance chief to leave the company in a year since the much-criticized redesign of the app.The No.2 U.S. carmaker said Shanks, 66, will work closely with Stone on the transition and then on special projects through the end of the year.The last time Ford named an outsider to the role of CFO was in 1949 when Theodore Yntema, previously a consulting economist to Ford, was hired for the position.

Fleet previously served as president of Asia Pacific - a region that reported the biggest loss during the fourth-quarter, hit by plummeting sales in China.

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