Ford el­e­vates Falotico to key post at Credit unit

China Daily (USA) - - BUSINESS -

FordMo­tor Co­pro­moted veteran ex­ec­u­tive Joy Falotico to lead the Ford Credit lend­ing unit, mak­ing her the first woman to run the op­er­a­tion that pro­vides fi­nanc­ing to auto buy­ers and deal­ers world­wide. Falotico, 49, will re­place Bernard Sil­ver­stone, 60, who is re­tir­ing as Ford Mo­tor Credit Co’s chair­man and chief ex­ec­u­tive of­fi­cer as of Oct 1, the com­pany said in a state­ment. The unit has fore­cast re­ceiv­ables of as much as $139 bil­lion this year.

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