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Letter to the Editor

Ford Motor Company Executives to Retire; Replacements Named

DEARBORN, Mich. -- Ford Motor Company has announced the retirements of five corporate officers effective January 2002 and the appointment of two new corporate officers effective Jan. 1, 2002.

• James D. Donaldson, group vice president Global Business Development, will retire after more than 37 years at Ford.
• Vaughn Koshkarian, vice president Ford Asia Pacific, will retire after more than 33 years at Ford.
• Michael D. Jordan, vice president Ford Customer Service Division and president Automotive Consumer Services Group, will retire after more than 30 years at Ford.
• James A. Yost, vice president Corporate Strategy, will retire after more than 27 years at Ford.
• Elliott S. Hall, vice president Dealer Development, will retire after more than 14 years at Ford.
• In addition, Lincoln Mercury President Mark Hutchins has indicated that he will retire in 2002 and will work with his successor until that time to ensure a seamless transition for the business and the dealers.

"These gentlemen have been great leaders at Ford Motor Company," said Jacques A. Nasser, president and CEO. "They have instilled a tremendous level of excellence, growth and customer satisfaction in their respective organizations. They will be missed, but each had the strength of developing talent in their organizations that will continue their superior commitment to Ford Motor Company customers, employees, dealers, business partners and shareholders."

Three of the positions vacated by the retirements will be filled.

• Kathleen A. Ligocki, vice president Canada and Mexico and North America Strategy, will be appointed vice president Strategy, Business Development and Canada and Mexico, effective Jan. 1, 2002.
• Mark A. Schulz, general manager of Ford of Europe operations in Turkey (Ford Otomotive Sanayi A.S.), will be appointed as a corporate vice president.
• Brian P. Kelley, vice president Global Consumer Services, will be appointed president Lincoln Mercury.
• Lloyd E. Hansen, vice president controller, has been appointed vice president Revenue Management, effective Nov. 1.
• Don R. Leclair, controller Ford North America, is appointed as a new corporate vice president.
• Finally, effective Jan. 1, 2002, Hertz rental operations will report to Donald A. Winkler, group vice president and chairman, Ford Financial.

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