Autoblog http://www.autoblog.com Autoblog http://www.blogsmithmedia.com/www.autoblog.com/media/feedlogo.gif Autoblog http://www.autoblog.com en-us Copyright 2013 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Ford CFO Don Leclair retiring, Ford Europe's Booth will replace him]]>http://www.autoblog.com/2008/10/10/ford-cfo-don-leclair-retiring-ford-europes-booth-will-replace/http://www.autoblog.com/2008/10/10/ford-cfo-don-leclair-retiring-ford-europes-booth-will-replace/http://www.autoblog.com/2008/10/10/ford-cfo-don-leclair-retiring-ford-europes-booth-will-replace/#commentsFiled under:



Ford Chief Financial Officer Don Leclair has decided to hang up his spreadsheets after an illustrious career at the Blue Oval. Leclair worked at Ford for 32 years and has held the top financial post there since 2003. Succeeding Leclair will be Ford of Europe President Lewis Booth. Booth has helped lead Ford's positive transformation in Europe and grow Mazda's success around the world, which are probably Ford's two largest successes of the past decade. Excruciatingly tough times in North America await Booth upon his arrival Stateside, and team Ford needs some of that same magic he had in Europe to pull the 105-year-old automaker out of its current situation. Leclair and Booth will be working together over the next few weeks to ensure that no balls drop during the transfer of power.

We're sure Mr. Leclair would have loved to leave the Blue Oval during happier times, and we hope his retirement is a long and enjoyable one. If stocks are part of his exit package, though, it may be some time before he has a chance to relax.

[Source: Ford, Photo by William Thomas Cain/Getty]

Continue reading Ford CFO Don Leclair retiring, Ford Europe's Booth will replace him

Ford CFO Don Leclair retiring, Ford Europe's Booth will replace him originally appeared on Autoblog on Fri, 10 Oct 2008 14:28:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>don leclairDonLeclairfordford CFOFordCfoLewis BoothLewisBoothFri, 10 Oct 2008 14:28:00 EST http://www.autoblog.com/feed/1338886/article-comments.xml http://www.autoblog.com/feed/2008/10/10/ford-cfo-don-leclair-retiring-ford-europes-booth-will-replace/1338886/article-detail.xml 1338886 http://www.blogcdn.com/www.autoblog.com/media/2008/10/leclairleaving_opt_thumbnail.jpg http://www.blogcdn.com/www.autoblog.com/media/2008/10/leclairleaving_opt.jpg <![CDATA[Mulally's replacement could come from within Ford... or maybe not]]>http://www.autoblog.com/2008/03/24/mulallys-replacement-could-come-from-within-ford-or-maybe-no/http://www.autoblog.com/2008/03/24/mulallys-replacement-could-come-from-within-ford-or-maybe-no/http://www.autoblog.com/2008/03/24/mulallys-replacement-could-come-from-within-ford-or-maybe-no/#commentsFiled under: ,



Joe Laymon isn't on the short list of successors for Ford CEO Alan Mulally, and it's unlikely you've ever heard of him, but if you want to get to the top at the Blue Oval, this is the guy you stop by Starbucks for on the way to work. Laymon is in charge of keeping a list of internal candidates ready in the event Mulally retires (or quits, is fired or for some other reason exits his position), which could come as soon as 2011 when he turns 65.

Both President of the the Americas Mark Fields and new marketing chief Jim Farley are on the short list of six execs on which the company is keeping tabs, but some less familiar names are considered, as well. Europe boss Lewis Booth, CFO Don LeClair, Europe COO Stephen Odell, and manufacturing chief Joe Heinrich round out the list of internal CEO candidates that will be given to the Ford board in the event of a Mulally exit. The list isn't static, either, as names are reviewed and added or dropped each year. If the board doesn't like its choices, though, the list is completely worthless and the company will again look outside its hallowed halls for help, just like it did in Mulally's case.

[Source: Automotive News, subs. req'd]

Mulally's replacement could come from within Ford... or maybe not originally appeared on Autoblog on Mon, 24 Mar 2008 11:01:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Alan MulallyAlanMulallyBlue OvalBlueOvalDon LeClairDonLeclairFordJim FarleyJimFarleyJoe HeinrichJoeHeinrichLewis BoothLewisBoothMark FieldsMarkFieldsMon, 24 Mar 2008 11:01:00 EST http://www.autoblog.com/feed/1147224/article-comments.xml http://www.autoblog.com/feed/2008/03/24/mulallys-replacement-could-come-from-within-ford-or-maybe-no/1147224/article-detail.xml 1147224 http://www.blogcdn.com/www.autoblog.com/media/2008/03/mulally_thumbnail.jpg http://www.blogcdn.com/www.autoblog.com/media/2008/03/mulally.jpg <![CDATA[Mulally pockets $28 million in 2006]]>http://www.autoblog.com/2007/04/05/mulally-pockets-28-mil-while-ford-loses-12-bil/http://www.autoblog.com/2007/04/05/mulally-pockets-28-mil-while-ford-loses-12-bil/http://www.autoblog.com/2007/04/05/mulally-pockets-28-mil-while-ford-loses-12-bil/#commentsFiled under: ,

Reuters is reporting that while Ford Motor Co. posted a $12.7 billion loss last year, its new Chief Executive earned $28.18 million. And that was for four months worth of work. Alan Mulally's pay for 2006 included salary and stock options, as well as an $18.5 million bonus. The man Mulally replaced, Chairman Bill Ford, had made good on his pledge to forego compensation until the company made a turnaround, and had no salary, bonuses, or stock earnings during the first 8 months of 2006. In the grand scheme of things, $28 million is a drop in the bucket compared to the huge corporate losses Ford has posted, but hopefully Ford is getting what they are paying for with their new CEO. Only time will tell, as the automaker isn't expected to get back into the black until 2009 at the earliest.

In all fairness, Mulally's package included a $7.5 million signing bonus and Ford had to pay an additional $11 million to compensate for getting him out of his Boeing contract early. And in case some think Ford would be smart to dump him and take the company in a different direction, the EXIT package would be almost as big. If the CEO is released during his first five years on the job, his exit package is valued at $27.54 million. Mulally gets that amount if he is let go for anything other than cause. That includes being let go due to a merger or bankruptcy filing. To put it in perspective, Ford President of the Americas Mark Fields made $5.57 million last year. That included a salary of $1.25 million and something related to using a jet. And CFO Don Leclair had $4.4 million in total compensation for 2006.

[Source: Reuters]

Mulally pockets $28 million in 2006 originally appeared on Autoblog on Thu, 05 Apr 2007 15:02:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Alan MulallyAlanMulallyBill FordBillFordDon LeclairDonLeclairexecutive compensationExecutiveCompensationFord Motor CoFordMotorCoMark FieldsMarkFieldsThu, 05 Apr 2007 15:02:00 EST http://www.autoblog.com/feed/868200/article-comments.xml http://www.autoblog.com/feed/2007/04/05/mulally-pockets-28-mil-while-ford-loses-12-bil/868200/article-detail.xml 868200 http://www.blogcdn.com/www.autoblog.com/media/2007/04/alan-mulally-ford_thumbnail.jpg http://www.blogcdn.com/www.autoblog.com/media/2007/04/alan-mulally-ford.jpg <![CDATA[Ford: We'll make a little coin in 2009]]>http://www.autoblog.com/2006/11/14/ford-well-make-a-little-coin-in-2009/http://www.autoblog.com/2006/11/14/ford-well-make-a-little-coin-in-2009/http://www.autoblog.com/2006/11/14/ford-well-make-a-little-coin-in-2009/#commentsFiled under: ,

Crystal ball time. Ford CFO Don Leclair has reiterated that the North American automotive operations will be profitable in 2009, even if only slightly. In Ford's announcement today, Leclair showed a chart that one analyst said displayed a "thin sliver of profits." Peter Nesvold of Bear Stearns estimated the 2009 profit from the chart at around $250 million. After Ford's North American loss of $3.3 billion, any profit is a good one.

Leclair went out of his way to say that the profit projection, just like the moves being made in Ford's operations, are a work in progress. Committing to a large profit with all of the market's uncertainties would be unwise. They are basing their profit projection on a market of around 17 million vehicle sales. The conference call Leclair was participating in was covering Ford's restatement of Q3 earnings.

[Source: Automotive News, sub req]

Ford: We'll make a little coin in 2009 originally appeared on Autoblog on Tue, 14 Nov 2006 21:55:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Bear StearnsBearStearnsDon LeclairDonLeclairPeter NesvoldPeterNesvoldTue, 14 Nov 2006 21:55:00 EST http://www.autoblog.com/feed/701893/article-comments.xml http://www.autoblog.com/feed/2006/11/14/ford-well-make-a-little-coin-in-2009/701893/article-detail.xml 701893 http://www.blogcdn.com/www.autoblog.com/media/2006/11/donleclair_1_thumbnail.jpg http://www.blogcdn.com/www.autoblog.com/media/2006/11/donleclair_1.jpg -1 2