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

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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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