F&I Management & Training

DETROIT -- Ford Motor Co.'s CFO Don Leclair will retire Nov. 1, the company said today. Lewis Booth, who has been chairman of Ford of Europe since 2005, will become Ford's executive vice president and CFO.
In a statement, Ford said Leclair and Booth will work together over the next few weeks to make sure there's a smooth transition. Leclair, 56, joined Ford in 1976. He was named executive vice president and CFO in August 2003.
Booth, 59, takes over as CFO amid one of the worst financial crises in recent history.
Ford's stock has been in a virtual free-fall with the rest of the stock markets for the past week, trading near historic lows. As recently as last month, stock traded for more than $5 a share but today were trading as low as $2.05