Al Ver, Ford Motor Company’s current vice president of advanced and manufacturing engineering, has been appointed to the tough new post of CEO of the Ford-managed business the company is forming later this year to re-assume control of 24 Visteon Corp. plants and facilities in North America.
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Ver, a 37-year industry veteran with 33 years of experience at Ford, will report to Greg Smith, Ford’s executive vice president and president, The Americas. Previously, Ford had named Frank Macher as the new CEO, and Ver as its president and chief operating officer could not agree employment terms with Macher. With his new appointment, Ver will hold the titles of CEO and COO.
Ford announced its plans to form the new business on May 25 signing a memorandum of understanding with Visteon, which called for the transfer of 24 of the supplier’s plants and facilities in the US and Mexico to a Ford-managed entity.
Over time, the Ford-managed entity would prepare most of these transferred Visteon operations for sale to companies with the expertise and capital to supply Ford with parts, systems and technologies that are competitive in price and quality.
