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Baron makes history as Ford SA's first female CFO in 97 years


Baron makes history as Ford SA’s first female CFO in 97 years
By Dineo Faku
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FORD SOUTH Africa has appointed seasoned executive Yota Baron as its first female chief financial officer (CFO) in the company’s 97-year history, the group said yesterday.
Originally from South Africa, Baron has spent her 31-year career at Ford, and succeeds Joseph Verga, who will be repatriating to the US after four years as CFO.
Commenting on the appointment, Ford South Africa’s managing director, Neale Hill, said it was fitting that the announcement of Yota’s appointment was made in August, Women’s Month, as she would be Ford South Africa’s first female CFO. ....

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Scope for Ford to venture into electric vehicles in SA, but speed bumps along the way


Ford Ranger Raptor Assembly line
Manufacturing electric vehicles (EV) at Ford s Silverton plant in Tshwane is absolutely part of the automobile manufacturer s future strategy, said Andrea Cavallaro, operations director of the Ford International Markets Group.
Cavallaro and other officials from the motor company spoke to Fin24 on Tuesday, following an announcement that Ford would invest R15.8 billion in its operations in South Africa. This is its most significant investment in the 97 years it has been in the country.
The bulk of the investment or R10.3 billion will go towards upgrades to the Silverton assembly plant in Tshwane. The plant is one of Ford s largest production hubs in the world, for the Ranger model. Ford will direct R5.5 billion of the investment towards vendor tooling, to support suppliers with the latest equipment and technologies. ....

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Stay in SA for another 100 years, Ramaphosa urges Ford following R15.8bn investment


Automobile manufacturer Ford will invest R15.8 billion in South Africa.
The bulk of the investment will go towards upgrading the Silverton assembly plant in Tshwane.
The investment is also set to create new jobs and upskill workers.
Automobile manufacturer Ford will invest R15.8 billion in South Africa - the most significant investment in its 97-year history in the country, said Andrea Cavallaro, operations director of Ford International Markets Group.
The international motor company made the announcement on Tuesday at the Tshwane Automotive Special Economic Zone – following President Cyril Ramaphosa s visit to the site.
Ford has a Silverton plant in Tshwane, which is one of five facilities throughout the world that assembles the Ranger model – the others being Argentina, the US and two plants in Thailand, said Cavallaro. ....

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Anurag Mehrotra returns as the MD of Ford India, to curate new plan for independent operation


Synopsis
Under Mehrotra’s tenure as the MD, Ford India’s revenue had grown to more than Rs 24,000 crore in FY19 from Rs 19,000 crore two years earlier. EMOM has helped Ford India cut structural cost by 37%.
As President and Managing Director, Mehrotra takes over from Bala Radhakrishnan, the acting president and MD of Ford India Pvt (FIPL) for the past 10 months.
Anurag Mehrotra returns as the head of Ford India on Monday just weeks after the proposed joint venture between the US automaker and Mahindra & Mahindra was called off.
As President and Managing Director, Mehrotra takes over from Bala Radhakrishnan, the acting president and MD of Ford India Pvt (FIPL) for the past 10 months. ....

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