Al Ver, Ford's vice president of advanced manufacturing engineering, will run a Ford-managed entity that will run 24 Visteon Corp. plants in North America. Frank Macher was to run the yet unnamed entity, but he and Ford failed to reach an agreement.
Ford on Wednesday named Al Ver to be CEO of the holding company that will take back 24 plants from Visteon Corp. and try to sell them.
Ford said it could not reach an employment agreement with Macher.
Previously, Macher, 63, spent three years trying to fix Federal-Mogul Corp., which he shepherded into Chapter 11 in 2001 to deal with asbestos liability claims. He worked at Ford for 30 years before retiring in 1996. His last job at Ford: running the auto parts operations that were spun off to create Visteon in 2000.
Ver, 59, is now Ford's vice president of advanced manufacturing engineering. He is a 33-year Ford veteran. Ver will hold the joint title of CEO and COO of the new entity, which is yet to be named.
Ford and Visteon announced the creation of the new entity May 25. The agreement was designed to help rectify problems that arose from Ford's hasty spinoff of Visteon in 2000. The deal returned 24 plants, most of them manned by Visteon workers working under Ford United Auto Workers contracts, back to Ford.
The new entity was created to dispose of the plants by selling them to other suppliers who would in turn be able to supply Ford with parts.
You may e-mail Bradford Wernle at [email protected]