Ford names Amazon veteran Tim Stone as CFO, effective June 1


Ford Motor Co.

F, +2.12%

said Thursday that its Chief Financial Officer Bob Shanks has decided to retire at year-end. The car company said it has named Tim Stone, a 20-year Amazon

AMZN, +1.22%

veteran and former CFO of Snap Inc.

SNAP, +0.64%

to succeed Shanks as CFO effective June 1. Ford shares were slightly higher premarket, but have fallen 23% in 2019, while the S&P 500

SPX, +1.09%

has gained 4%.

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