DETROIT — Ford Motor Co. said Wednesday that three top executives, including the president of its Lincoln luxury brand, will retire in the coming months as CEO Jim Farley continues to shuffle his leadership team.
Joy Falotico, 55, who has run Lincoln since 2018, and Stuart Rowley, 55, Ford's chief transformation and quality officer, will both retire Dec. 1, the automaker said. Steven Armstrong, 58, the company's vice president of India and South America transformation, will retire Jan. 1.
Ford said Jim Baumbick, currently vice president of product development operations, cycle planning and internal combustion engine programs, will oversee quality. Dianne Craig, 58, president of Ford's International Markets Group, will succeed Falotico as Lincoln's president.