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Ford provides Deere & Co. CEO John Could to board; chief authorities affairs officer to retire

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DETROIT — Ford Motor Co. mentioned Thursday that John Could, CEO of Deere & Co., has been elected to its board of administrators efficient instantly.

Could’s election expands the automaker’s board to fifteen members, and he’ll serve on the finance, compensation, expertise and tradition, and nominating and governance committees.

“Our trade is in an thrilling interval of disruption and we’re altering Ford in vital methods which are good for all our clients and stakeholders, with superior know-how and digital connectivity on the middle,” Government Chair Invoice Ford mentioned in an announcement. “That is what Deere is doing in its companies, making John’s experience invaluable to our board because the Ford administration workforce executes the corporate’s technique for development and worth creation.”

Could is the third new member to hitch the automaker’s board this yr following the election of Alexandra Ford English and Henry Ford III, who changed two retiring members.

Individually, Ford introduced that Mitch Bainwol, its chief authorities affairs officer who performed a pivotal function in crafting an emissions framework with California and choosing U.S. websites for its largest-ever manufacturing funding, will retire on the finish of the yr.

Bainwol, 62, has been within the place since March 2019. Earlier than that, he was CEO for the Alliance of Vehicle Producers.

“Partnering with governments is important to always simplifying, advancing and accelerating what we do, in order that we’re at all times giving clients and society the worth they deserve,” Ford CEO Jim Farley mentioned in an announcement. “Mitch and his workforce have completed an awesome job making these relationships potential and productive, placing Ford in the course of essential coverage discussions.”

Earlier than his roles within the auto trade, Bainwol was chief of workers for a number of Republican senators and organizations and began his profession as a funds analyst within the Reagan administration.

Steven Croley, who oversees Ford’s authorized, authorities relations, sustainability, atmosphere and safety-engineering capabilities as chief coverage officer and basic counsel, will lead Ford’s authorities relations workforce on an interim foundation till a successor for Bainwol is introduced, Ford mentioned.

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