Neil Schloss Named Vice President and Treasurer; Ann Marie Petach To Leave Ford

DEARBORN, Mich., March 28 -- Ford Motor Company today announced that Neil Schloss has been named vice president and treasurer, effective immediately. In his new role, Schloss will report 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."

In his previous assignment, Schloss was assistant treasurer for Ford, a position he's held since 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, including: director, Risk Management; director, Financial Strategy; manager, North American and European Financing; manager, European Financing; and manager, Corporate and Domestic Financing.

Ann Marie Petach, who formerly was treasurer, has elected to leave the company. She has accepted a position at BlackRock, an investment management firm.

"Ann Marie has been a valuable asset to the company and to the Finance team," said Leclair. "She's worked tirelessly as we developed plans and implemented actions related to our turnaround efforts. We wish her every success."

Petach joined Ford in 1984 as a financial analyst in the Electronics Division. She held a number of finance positions within Ford and Ford Motor Credit, including: director, Global Banking, with responsibility for worldwide banking relationships for Ford Motor Company, Ford Credit, and Ford Credit Europe; treasurer of AutoEuropa, the joint venture between Ford and Volkswagen that produces minivans for Europe; and assistant treasurer of Autolatina, the former joint venture between Ford and Volkswagen in Brazil and Argentina.