Ford announces resignation of Ford China chairman and CEO Jason Luo - InvestingChannel

Ford announces resignation of Ford China chairman and CEO Jason Luo

Ford announced the resignation of Jason Luo, former chairman and CEO of Ford China, effective immediately. In this role, Luo was responsible for leading the company’s operations in Greater China including its import business, Lincoln, its passenger car joint venture Changan Ford, commercial vehicle investment in Jiangling Motors Corporation, and the company’s operations in Taiwan. Peter Fleet, Ford group vice president and president, Ford Asia Pacific, noted that “Jason offered his resignation for personal reasons that predate his time at Ford. Ford accepted Jason’s resignation as the right way for him and the company to proceed. Jason’s decision was not related to the business strategy or performance of Ford China, which remains robust, with a bright future ahead. We continue to act in the best interest of our company, employees, and stakeholders.” Luo’s replacement will be the subject of a future announcement. In the interim, Fleet will assume Luo’s responsibilities as the company works to build its business in China through a robust portfolio of product offerings and better ownership experience