Ford nabs Mazda vet for new IR post

DEARBORN, MI: For the first time in its 44-year history as a listed stock, Ford has created a VP of investor relations post - and filled it with a veteran operating executive rather than a PR or finance specialist.

DEARBORN, MI: For the first time in its 44-year history as a listed stock, Ford has created a VP of investor relations post - and filled it with a veteran operating executive rather than a PR or finance specialist.

DEARBORN, MI: For the first time in its 44-year history as a

listed stock, Ford has created a VP of investor relations post - and

filled it with a veteran operating executive rather than a PR or

finance specialist.



The company has lured Richard Beattie away from Mazda (in which Ford

owns a minority interest) to fill the new slot. Beattie, most recently

president and CEO of Mazda’s US and Canadian distributor, will assume

the job on September 1. He will be responsible for communications with

institutional and retail shareholders as well as Wall Street

analysts.



’Richard has had a wide range of experience - in sales and marketing,

finance and international management,’ Wallace said. ’It will serve him

well.’



For years, a mid-level stockholder relations manager on the PR staff

directed Ford’s communications with its stockholders, while relations

with Wall Street were handled by the company treasurer’s office or by

its investment banking firm. Several years ago, Mel Stephens was given

responsibility for direct stockholder and Wall Street

communications.



Stephens now reports to Beattie.



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