Ford Motor Company has named Neil Schloss vice president and treasurer, effective immediately. He reports to Don Leclair, executive vice president and chief financial officer.

“Neil has played a critical role in securing the funding we need to implement our restructuring plan,” Leclair said. “He’s taking the reigns of the office at a key time and his background and experience in treasury will be vital to our success going forward.”

Schloss was previously assistant treasurer for Ford, a position he held from 2003. He joined Ford in 1982 as a senior financial analyst in the controller’s office in Ford Aerospace. He has worked in a number of treasury office positions for Ford and Ford Motor Credit since 1991.

Ann Marie Petach, the former treasurer, is leaving the automaker for a post at BlackRock, an investment management firm.

Petach joined Ford in 1984 as a financial analyst in the electronics division and held a number of finance positions including treasurer of AutoEuropa, the Portugal-based joint venture between Ford and Volkswagen that produced minivans for Europe, and assistant treasurer of Autolatina, the former joint venture between Ford and Volkswagen in Brazil and Argentina.