DETROIT -- Greg Smith, Ford Motor Co.'s vice chairman, will retire March 1, the company said Friday. Smith, 54, will not be replaced, a Ford spokeswoman said.
This is the fifth top executive position to be cut since CEO Bill Ford said last month that the company would reduce its officer ranks by 12 percent by March. One or two more executive slots remain to be trimmed.
Smith joined Ford in 1973 as an engineer in truck operations. His career included several positions in engineering, product planning and marketing. 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.
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