Dr. Wolfgang Reitzle, Ford Motor Company group vice president and president of Ford's Premier Automotive Group (PAG), announced today that he has accepted a position with Linde AG, a leading German engineering company, as their future chief ...
Dr. Wolfgang Reitzle, Ford Motor Company group vice president and president of Ford's Premier Automotive Group (PAG), announced today that he has accepted a position with Linde AG, a leading German engineering company, as their future chief executive officer.
"Being a CEO at Linde AG is a great opportunity for me," said Reitzle, "and one I felt I could not pass up at this point in my career. Ford is heading in the right direction with their premium brand strategy and I plan to assist them in my new role in any way I can."
Dr. Reitzle will continue to assist Ford Motor Company as a consultant on product, design and marketing-related issues.
"I want to thank Wolfgang Reitzle for his contributions to the development of our luxury brand strategy," said Company chairman Bill Ford. "We are committed to the Premier Automotive Group strategy. These brands are strong and that strength stems from exceptional products and talented people, a combination that will deliver outstanding results going forward."
Mark Fields, currently representative director, president and chief executive officer of the Mazda Motor Corporation will succeed him. Mr Fields, who is a vice president of the Ford Motor Company, has also been elected group vice president of the PAG, as of July 1.
The immediate responsibility for the F1 team however, will fall to Ford chief technical officer Richard Parry-Jones. He will take over as boss of the Premier Performance Division, which includes Jaguar Racing, electronics company Pi Research and engine builder Cosworth Racing. Niki Lauda will report directly to Parry-Jones, who in turn will answer directly to Fields.
Parry-Jones is also responsible for overseeing Ford's World Rally Championship programme.
In the interim, the presidents of companies that comprise the PAG - Aston-Martin, Jaguar, Land Rover and Volvo - will report directly to Nick Scheele, Ford Motor Company president and chief operating officer.
A concomitant reorganization of Ford's luxury line up will involve moving the Lincoln and Mercury brands into the company's North American Consumer Business Group. "The new Marketing, Sales and Service organization will help strengthen our position in the North American market and allow the individual brands focus more specifically on their market segments," said Scheele.