Ford Credit CFO Michael Seneski has been shifted into a new role that will have him leading corporate strategy.
News of the move was first reported by the Wall Street Journal which says Seneski will now report to Ford’s head of global strategy, Group Vice President John Casesa.
A representative for Ford confirmed the move but declined to offer further details.
Casesa was hired just over one year ago with the task of transitioning the company into a new role that moves beyond a singular focus on traditional vehicle manufacturing.
Seneski is best known for helping Ford’s finance arm navigate through the financial crisis by securing liquidity.
He was largely responsible for securing $US5.9 billion from a U.S. Department of Energy loan which helped Ford avoid bankruptcy, according to the Journal. The move is meant to put an emphasis on “forging partnerships with tech firms looking to reshape the global auto industry,” according to the Journal’s Christina Rogers.
Seneski has worked at Ford for 26 years, moving up from ranks from assistant treasurer and then controller for marketing and sales, to the role of CFO for Ford Credit. Seneski took over the CFO role four years ago.
He already has some experience in new industry experimentation. This past summer Ford Credit started testing car sharing programs in the US and London. That program according to Fast Company includes a partnership with Getaround, a company that allows car owners to loan out their vehicles for a few hours or days.
Seneski is also on the board of directors for the Federal Reserve Bank of Chicago, where his official title at Ford has already been changed to “corporate strategy for Ford Motor Company.”
His bio says Seneski is responsible for coordinating the business direction of the company globally, including its strategic planning process, and key partnerships identification and integration.
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