Ford Professional CEO Ted Cannis to Retire After 35 Years With the Firm – Operations

Ford Motor Firm introduced that Ted Cannis, CEO of Ford Professional and Ford Buyer Service Division, has elected to retire after an completed 35-year profession with the corporate on the finish of September 2024. 

Cannis started his profession in finance in 1989 and went on to serve in management positions in Venezuela, Argentina, Turkey, and Russia. From 2017 to 2020, he served as world director of Battery Electrical Automobiles, main Crew Edison. This group developed the award-winning Mustang Mach-E and was concerned in growing the F-150 Lightning and E-Transit.

Cannis has led Ford Professional since its formation in 2021 and helped construct it right into a high-growth, customer-focused enterprise. Since 2023, Cannis has additionally led the Ford Buyer Service Division (FCSD), which handles world components, companies, equipment, and car customization for Ford sellers and prospects worldwide.

“It has been essentially the most thrilling and rewarding chapter of my profession to guide Ford Professional and FCSD,” Cannis stated. “Ford Professional is a profitably rising enterprise with unmatched scale, expertise, and the most effective sellers and upfitters — all to serve the individuals and companies who maintain our economic system and communities buzzing. I can not wait to observe Ford Professional and FCSD proceed to innovate and develop.”

Future Outlook and Following Management Modifications

“Ted’s vitality and keenness for purchasers has been instrumental in constructing Ford Professional right into a enterprise that is monitoring in direction of $70 billion in income this yr — a Fortune 100-size firm in its personal proper,” Jim Farley, Ford president and CEO, stated.  

“Ford Professional has the widest and most versatile industrial car lineup, an industry-leading service community together with our dealerships and upfitter partnerships, and a pointy give attention to decreasing the whole price of possession and rising uptime for purchasers. Ford Professional is now poised to turn out to be a real, technology-driven progress enterprise — evidenced by the 600,000 paid subscriptions within the second quarter — and a larger aggressive benefit for Ford and our prospects,” Farley continued.

Farley added that FCSD is one other Ford stronghold with a chief alternative to remodel for progress by going after an estimated $100 billion-plus revenue pool for upkeep, restore, components, and different companies that at present escape the seller community.

Ford stated Andrew Frick, president of Ford Blue, may also lead Ford Professional on an interim foundation till the corporate publicizes a brand new chief. 

Daniel Justo was appointed vp of FCSD, and an organization officer, efficient Oct. 1. Justo is at present a chief monetary officer of Ford Blue and was beforehand president of Ford South America. In his new function main FCSD globally, he’ll report back to Frick.

“Our prospects — from industrial fleets to particular person drivers — depend on us for the components and companies that maintain their automobiles operating easily and searching nice,” Justo stated. 

“That is why we’re dedicated to delivering a service expertise that is as dependable, reliable, and trendy because the automobiles themselves. I am excited to work with our FCSD group and our sellers to make it simpler than ever for our prospects to schedule their service, discover the best components and equipment, get them rapidly, and benefit from the peace of thoughts that comes with understanding they’re getting the very best service. Constructing this belief and loyalty is central to our Ford+ worth creation plan,” Justo added.

Keep tuned to Automotive Fleet for extra updates on Ford’s management adjustments and the way they could impression the industrial fleet world.