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Ford names Amazon veteran Tim Stone as CFO, effective June 1

Ciara Linnane

Ford Motor Co. said Thursday that its Chief Financial Officer Bob Shanks has decided to retire at year-end. The car company said it has named Tim Stone, a 20-year Amazon veteran and former CFO of Snap Inc. to succeed Shanks as CFO effective June 1. Ford shares were slightly higher premarket, but have fallen 23% in 2019, while the S&P 500 has gained 4%.