DEARBORN, Mich., Sept. 20, 2018 – Ford Motor Company today announces Neil Schloss, vice president and chief financial officer of Ford Mobility, will retire Dec. 31 after a 36-year career with the automaker. In addition to being the founding CFO for Ford’s mobility efforts, Schloss served as the company’s treasurer during the Great Recession, playing a lead role in allowing Ford to maneuver the financial crisis without taxpayer funding.
“For almost four decades, Neil has played an important role in driving our business forward,” said Jim Hackett, Ford president and CEO. “It was appropriate that he finish his career at Ford by helping to start the businesses that will be core to our future.”
Schloss joined Ford in 1982 in the Controller’s Office at Ford Aerospace where he held a variety of positions, joining Ford’s Treasurer’s Office in 1991. Since that time, he has held numerous positions in funding, risk management, international financing, banking and trading with both Ford Motor Company and Ford Credit. Schloss was appointed treasurer and elected a corporate officer in March 2007 with overall responsibility for the company’s treasury operations. In 2016, he added the role of CFO to Ford Smart Mobility.
“Under Neil’s leadership, we have been able to establish Ford Mobility as a robust business unit designed to create value for the company for years to come,” said Marcy Klevorn, president of Ford Mobility. “We’re fortunate that someone of Neil’s global experience and deep knowledge was able to guide us through this important foundational stage of our company’s transformation.”
Schloss played a key role in helping Ford navigate the Great Recession without going into bankruptcy. He helped Ford secure $23 billion in 2006 that gave the company crucial liquidity when the downturn hit. Then in 2009, Schloss led a creative debt buy-back plan that cleared $10.5 billion off of Ford’s books for $3.5 billion in cash and equity.
Neil’s successor as CFO of Ford Mobility will be announced separately.
For biographical information Neil Schloss, click here.