Ford names Amazon and Snap veteran Tim Stone as new CFO, continuing the company's push closer to Silicon Valley

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Ford just turned to the tech industry for its new CFO

He's being succeeded by Tim Stone, who spent 20 years atStone's hiring continues CEO Jim Hackett's drive to pushShanks was a true gentleman of the car business and will be missed — but he can look forward to a well-deserved retirement.on Thursday. The four-decade veteran of the Detroit automaker will step down this year. He'll be succeeded by Tim Stone, who spent 20 years at Amazon before moving to Snap.

"We're so excited to have Tim join Ford at this incredible time for our company as we strive to become the world's most trusted company, designing smart vehicles for a smart world," Ford CEO Jim Hackett said in a statement.

"Bob will leave a remarkable 42-year legacy at Ford," Hackett said."As a CFO, he's been relentless in driving for results and pushing the company to greater heights. He's also been a wonderful colleague who leads with integrity, warmth and humor."Stone's hiring continues Hackett's theme of techifying Ford. But the executive's tenure at Snap was brief; he arrived after the company's 2017 IPO but departed earlier this year after eight months on the job.

 

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