Ford Motor Co. (F) announced that Al Ver, vice president and CEO and COO of Automotive Components Holdings or ACH, has elected to retire at the end of the year, after a 35-year career with the Ford Motor.
Ver joined Ford in 1972 as a manufacturing process engineer at the Mt. Clemens (Mich.) Paint Plant. Prior to his current assignment, Ver served as vice president for Ford's Advanced Manufacturing Engineering organization.
Bill Connelly, who has been named chief executive officer, ACH, will succeed Ver. Connelly will retain his CFO responsibilities for ACH. Connelly will lead the Ford-managed, temporary business entity comprised of former Visteon Corp. plants and facilities in the U.S. and Mexico, as it continues preparing the operations for sale or closure by the end of 2008.
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