Ford executive vice president retires early

Mark Schulz, Ford Motor Co. executive vice president, is going to retire early next year after 30 years of service with the automotive manufacturer.

Schulz is responsible for Ford automotive operations outside of North and South America. He joined the world's second-largest automaker, in 1970 as an assembly line worker.

Schulz is one of the latest senior executives to leave since the company appointed Alan Mulally, 61, as CEO three months ago. A series of other senior executives including Ford's second-ranking North American executive, the North America manufacturing chief and the chief of staff announced their departures after Mulally's Sept. 1 hiring.

After Schulz's departure, Ford will have three remaining executive vice presidents: Don Leclair, who is also CFO; Lewis Booth, superviser of Ford Europe and Ford's Europe luxury brands, including Jaguar, and Mark Fields, head of Ford's Americas unit.

Industry insiders are now speculating a full company re-structure as Alan Mulally is implementing a series of changes in strategy and organisation.

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