Ford Announces Retirement of Mac Macdonald

DEARBORN, Mich., March 23 -- Ford Motor Company today announced the retirement of Malcolm (Mac) S. Macdonald, vice president of Finance, effective April 1, 2005.

Macdonald, 64, is a 46-year veteran of the Company. He joined Ford of Britain in Dagenham, United Kingdom, as a Finance trainee in 1959 and was later assigned to Ford's Finance staff in Dearborn, where he served most of the rest of his career. With Macdonald's retirement, Ann Marie Petach, vice president and treasurer, will report directly to Don Leclair, executive vice president and chief financial officer.

"Mac has made countless invaluable contributions to the Finance staff and to the overall success of the Ford Motor Company. He is respected and valued among the Finance communities within and outside of Ford, and his breadth of knowledge and depth of experience certainly will be missed," said Chairman and CEO Bill Ford. "We wish him all the best in his well-deserved retirement."

Macdonald was first appointed a company vice president in 1995, when he became treasurer. Prior to that, he spent 14 years as the company's assistant treasurer and held a number of other positions throughout Finance and Treasury, including assistant controller for International Automotive Operations and treasurer of Ford of Europe Incorporated in Warley, United Kingdom.

Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures and distributes automobiles in 200 markets across six continents. With more than 325,000 employees worldwide, the company's core and affiliated automotive brands include Aston Martin, Ford, Jaguar, Land Rover, Lincoln, Mazda, Mercury and Volvo. Its automotive-related services include Ford Credit, Quality Care and Hertz. Ford Motor Company celebrated its 100th anniversary on June 16, 2003.