Jim Hackett

Ford CFO Shanks retires; former Snap CFO Stone to take over

Ford Motor Co. said its chief financial officer, Bob Shanks, will retire in December, capping a 42-year career at the automaker.

The Dearborn, Michigan-based company on Thursday said that Tim Stone will succeed Shanks as chief financial officer. Stone will come to Ford in April and takes over as CFO on June 1. Stone, 52, joins Ford after serving as the CFO of Snap Inc. and a 20-year stint at Amazon.com Inc.

"We're so excited to have Tim join Ford at this incredible time for our company as we strive to become the world's most trusted company, designing smart vehicles for a smart world," Ford CEO Jim Hackett said. "He was a key player in the incredible...

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