Greg Smith, Ford Motor Co.'s vice chairman, is retiring March 1, Ford said yesterday.
Smith, 54, will not be replaced, a Ford spokeswoman said.
His departure marks the fifth top executive position to be cut since CEO Bill Ford said in January that the company would reduce its officer ranks by 12 percent by April 1. One or two more executive slots remain to be trimmed.
Smith joined Ford in 1973 as an engineer. He worked in engineering, product planning and marketing. In 2001 he took over Ford Motor Credit.
In March 2004, Smith was named Ford Motor's president of the Americas.
He held that position until last September, when he was elevated to vice chairman and replaced by Mark Fields.