Ford Japan Names Edward R. (Randy) Krieger as New President and CEO
TOKYO, December 19, 2005— Ford Motor Company today announced that Edward R. (Randy) Krieger has been named P resident and Chief Executive Officer, Ford Japan Limited, effective January 1, 2006. Krieger replaces Katsuhiko Satoh, who will assume the role of the Member of the Board of Directors and Chairman, Ford Japan Limited. Satoh has been with Ford Japan for more than 10 years and has served as President since May 2002.
Krieger brings extensive marketing and sales experience to his new job. Prior to being named p resident and CEO of Ford Japan, Krieger served as vice president of Marketing, Sales and Service at Changan Ford, in Chongqing, China, a job he assumed in May 2003.
During his tenure in China, Krieger played a key role in the exponential growth of the Changan Ford business. In a 30 month period beginning in June 2003, Changan Ford sales in China grew six fold, while the number of Changan Ford dealers increased from 26 to 150. In this same period, unaided awareness of the Ford brand more than doubled.
"Randy has the right experiences to help us profitably grow the Ford brand in Japan, which is one of the most fiercely competitive markets in the world," said Peter Daniel, Ford Motor Company v ice p resident and president, Ford Asia Pacific & Africa operations.
Added Daniel, "I believe Randy will bring a fresh perspective and a lot of new ideas to help Satoh and the team. With the recent launch of the Ford Focus and the all-new Explorer in Japan, and with the additional products we have planned for 2006, I believe Satoh, Randy, and the team can make good progress in the coming year."
Krieger has nearly 20 years with Ford and has held a number of jobs in Ford North America and Europe marketing and dealer operations. He also has four-plus years experience at Ford Motor Credit Company.
Krieger is a graduate of the University of Mississippi, Mississippi and has a MBA in finance from the University of Memphis, Tennessee.