DETROIT -- Ford Motor Credit Co. has named Bernard Silverstone to the newly created position of COO effective Jan. 1. He also will be a corporate officer of the finance company’s parent, Ford Motor Co.
Silverstone, 56, and a Ford employee for 32 years, will be responsible for leading Ford Credit’s operations in North America, Europe, Asia Pacific and Africa, and Latin America, the company said. He also will lead marketing, sales and brand, business center operations, quality and process management and insurance operations.
He is currently president of marketing and sales for Ford Credit.
The company created the COO position as a result of Ford Credit’s growing global operations, spokeswoman Margaret Mellott said.
Ford Credit CEO Mike Bannister said in a statement that Silverstone’s global operating experience and knowledge of the financing business will serve the company well. “He’ll sharpen our focus on further aligning our operations globally and provide strong leadership as we continue to profitably support Ford, its dealers and customers,” he said.
Silverstone started with Ford Credit Britain as a field representative and held a variety of staff, operations and leadership positions throughout several regions. He was previously the chairman of Ford Credit Europe.
Two other Ford Credit managers also are getting new positions effective Jan. 1, Mellott said today.
- Joy Falotico will take on the newly created role of executive vice president of Ford Credit North America.
- Charles Bilyeu, currently vice president of quality and process management, will take over Falotico’s current job of vice president of U.S. sales operations.