Ford Credit CEO and president Marion Harris will retire March 1, the company said Friday.
Cathy O’Callaghan, vice president, controller and chief accounting officer, will replace him. Ford Credit’s director of global accounting, Mark Kosman, will replace O’Callaghan as CAO.
O’Callaghan and Kosman will assume their new roles on Feb. 12 after the company reports its fourth-quarter and full-year financial results for 2023. Both executives will report to Ford Motor Co. CFO John Lawler.
“Under Marion, Ford Credit was a source of strength through the global pandemic and now is remaking itself to support customers, dealers and Ford in an entirely new era of transportation and software-enabled services,” Lawler said in a statement. “Cathy is exceptionally well prepared to help complete that transition and grow the business, with her comprehensive global knowledge about Ford and an attention to customers that’s vital to winning over the long haul.”
O’Callaghan has served in a number of roles since joining Ford in 1990, including CFO of Ford South America and finance director for product development. According to Ford, she led the company’s effort to align its financial reporting with its three new business units: Ford Blue, Ford Model e and Ford Pro. Those units are dedicated to gas and hybrid vehicles, electric vehicles and software, and commercial products and services, respectively.
