Ford CFO John Lawler to be succeeded by former Lucid exec.

Former Lucid (LCID) Chief Financial Officer Sherry House will succeed Ford (F) CFO John Lawler in his role in early 2025. Yahoo Finance Senior Autos Reporter Pras Subramanian explains Lawler's gradual move into vice chairman at Ford and how his new position could aid Ford in expanding its international business.

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This post was written by Luke Carberry Mogan.

Video transcript

For this morning announcing an executive change.

Auto Giant is hiring a new CFO to replace John Lawler who will be transitioning into the position of vice chair next year.

The role will be filled by former Lucid CFO Sherry House.

Yahoo Finance's pro to Romanian has the latest details on that press press.

Yeah.

Hey Sea, he had John Lawler longtime executive there at Ford uh Farly confidant if you will moving into that vice chairman role, kind of his second in command there at Ford to take over a lot of his strategic decisions.

But beyond, you know, the financial stuff that he was working on before.

And also uh noting that Sherry House now has emerged as the new CFO.

She left Lucid in December.

We kind of figured that she was going somewhere.

So now we're, we're hearing that she's joined.

I mean, Ford is a new CFO, she's been around also in other companies like GM and also we o but, but back to Lawlor, you know, he's going to be in charge of Ford's strategic development, including establishing partnerships with other companies in the EV space, right?

So he's gonna, he's gonna help make that ev business more profitable as, you know, they're going to lose about $5.5 billion this year.

On evs Waller used to work in China in Europe in those businesses.

So he has experience there sort of vital for kind of producing or striking these partnerships with other automakers.

So, um, I think that it's a, it's a potential move for him to be possibly groomed as the next CEO.

We'll see when and if, um, the current CEO Jim Farley, uh, decides to do something else, we'll see.

But it's a good move, big move for Lawler, a well trusted, very experienced hand there at Ford.

Really interesting Paz.

Thank you so much for joining us on that news this Friday morning.

Thank you.

Really appreciate it.