Michael Seneski will replace K.R. Kent as chief financial officer of Ford Motor Credit, effective Jan. 1, 2011. Kent has been named to a newly created position: executive director of investor relations.
The move, part of a plan to regain an investment-grade credit rating, is meant to “significantly deepen engagement with the global investment community” for Ford Motor Co. and Ford Motor Credit.
Seneski is currently controller of global and U.S. marketing sales. He joined Ford in 1989, and has held numerous key finance positions in North America and Asia-Pacific, including vice president and controller of Ford Credit North America, and assistant treasurer of Ford Motor Co.
Seneski will report to Ford Credit Chairman and CEO Mike Bannister, and Kent will report to Ford Vice President and Treasurer Neil Schloss.
