Paillart leaves Ford Credit
Philippe Paillart, Ford Motor Credit Co. chairman, will leave the company early next year, Ford President Jac Nasser said in a memo Friday, Oct. 22.
No successor was named.
A leading contender is believed to be Don Winkler of Finance One Corp. in Columbus, Ohio, a subsidiary of Bank One Corp. of Chicago, one of the nation's biggest banks in auto lending. Winkler, 51, left Bank One last week, after a management shake-up.
Ed Tinsley, who succeeded Winkler as CEO of Finance One Corp., said last week that Winkler told him he resigned 'to pursue a brass-ring opportunity.'
Winkler did not return requests for comment. And Ford spokesman Jim Vella refused even to say whether a successor had been identified.
Paillart, 48, stays for now as president of Ford Financial Services. After nine months, Ford Credit earned $952 million, up 12 percent and ahead of its 1999 goal of 10 percent earnings growth.
Nasser said in the memo that Paillart decided to leave 'because of our stated objective to focus on automotive products and services.' Paillart, a former chief economist for Renault SA, was an international banker for more than 10 years before he joined Ford Credit in September 1998. Nasser said Paillart would pursue other opportunities in consumer financial services.
Ford Focus: Live vs. lively
DETROIT - Ford Division expects to give more spontaneity to the live TV spots for the Focus in 2000, said Jan Klug, marketing communications manager of the division. Klug conceded the live spots have gotten mixed reviews. 'Some people think they're not live,' Klug said. One problem: The TV networks need to approve scripts 24 hours before broadcasts.
Jaguar NA taps O'Driscoll
NEW YORK A former Jaguar executive is slated to return to the company as head of its North American operations.
Mike O'Driscoll,cq 43, the Washington, D.C., regional manager for Lin coln Mercu ry, will succeed Mike Dalecq as president of Jaguar Cars North America.
O'Driscoll is a native of Coven try, England, Jaguar's hometown. He has been at Lincoln Mercury and Ford Division for the past four years, after spending 20 years at Jaguar. From 1992-95, he was Jaguar general sales man ager for the United States.
'He's got all the Jaguar creden tials,' Dale said.
Dale will retire after a 42-year career on May 1. O'Dris-coll re joins Jaguar Cars North America as executive vice president on Dec. 1.
With two months to go in 1999, Dale said, Jaguar Cars North America could top its all-time an nual U.S. sales record of 24,464 as early as this week. The previ ous mark was set in 1986.