Ford Appoints Sherry House as Finance VP and Future CFO

Ford appoints Sherry House as Vice President of Finance, effective June 3, with plans to transition into the role of Chief Financial Officer in early 2025. Current CFO John Lawler will assume the title of Vice Chair, focusing on strategic development and global partnerships.

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Ford Appoints Sherry House as Finance VP and Future CFO

Ford Appoints Sherry House as Finance VP and Future CFO

Ford Motor Co. has announced the appointment of Sherry House as Vice President of Finance, effective June 3, with plans to transition into the role of Chief Financial Officer (CFO) in early 2025. House will replace current CFO John Lawler, who will assume the title of Vice Chair and focus on strategic development, future global partnerships, and policy critical to the industry.

Why this matters: The appointment of Sherry House as Ford's new finance VP and future CFO signals a significant shift in the company's strategy to prioritize electric vehicles and navigate the rapidlyevolving automotive landscape. As the industry transitions to sustainable energy sources, House's experience and expertise will play a crucial role in shaping Ford's financial future and contributing to a greener transportation sector.

House previously served as CFO at Lucid Motors, where she played a key role in the company's public listing, luxury electric vehicle production, and factory openings in the US and Saudi Arabia. She has also worked at Waymo, Visteon, Deloitte Corporate Finance, and Alta Partners, and began her career as a product engineer at General Motors.

House brings a wealth of experience in the automotive and technology sectors, including venture capital and startups. She holds a bachelor's degree in mechanical engineering from Kettering University, an MBA, and a master of engineering degree from the University of Michigan. Her early career achievements include project managing a 15-member seating system product development team, leading validation and testing of several automotive seating systems, and designing a revolutionary fiber optic headlamp.

Ford CEO Jim Farley stated that House's appointment will help the company build a profitable electric vehicle business, generate new revenue streams, and create a more dynamic and resilient company. Farley praised House's "deep roots and passion for the auto industry, combined with her real-world experience in investment banking, mobility, and technology, including EVs and autonomy." index

Lawler, who has served as CFO since October 2020, will assume the title of Vice Chair and focus on strategic development, future global partnerships, and policy critical to the industry. Lawler's talents will be better leveraged in his new role, where he will work with leaders throughout Ford Pro, Ford Blue, and Model e units as a senior resource.

Sam Fiorani, Vice President of Global Vehicle Forecasting for AutoForecast Solutions, believes that House's appointment bodes well for Ford, given her engineering background and wealth of experience in the automotive and technology sectors. Fiorani noted that Lucid Motors has developed impressive battery technology, which has been proven in Formula E racing and showcased in high-end electric vehicles.

The appointment of Sherry House as Ford's newVice President of Financeand future CFO, along with John Lawler's transition to Vice Chair, marks a significant step in the company's efforts tobuild a profitable electric vehicle businessand navigate the rapidly evolving automotive landscape. House's diverse experience and engineering background position her well to drive Ford's financial strategy and EV turnaround plan.