Nov 20 (Reuters) - Ford Motor Co. said Al Ver, CEO of Automotive Components Holdings (ACH), will retire at the end of the year and will be succeeded by Bill Connelly, who will retain his responsibilities as chief financial officer for ACH.
During the transition, Ver will report to Ford CEO Alan Mulally for a special project, Ford said.
Ver joined Ford in 1972 as a manufacturing process engineer at the Mt. Clemens, Mich., paint plant. He has held a number of engineering and manufacturing positions within Ford and its component operations during his career, Ford said. Prior to his current assignment, Ver served as vice president for Ford's advanced manufacturing engineering organization.
"Al has consistently contributed to Ford's engineering and manufacturing organizations throughout his career and most recently has done an outstanding job in leading ACH through its transition," Mark Fields, Ford executive vice president and president of the Americas, said in a press release.
Connelly will lead the Ford-managed, temporary business entity comprised of former Visteon Corp. plants and facilities in the U.S. and Mexico. Ford will continue to sell or close the facilities through 2008. Connelly will report to Joe Hinrichs, vice president, North America manufacturing.