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Ford Motor (NYSE: F) said today in Dearborn that a new senior leader, John Dion, will join the company as chief transformation officer on 3April, reporting to Ford CEO Jim Farley. “Dion will oversee global deployment of methodologies and tools based on Lean manufacturing and related concepts, capabilities that are central to realizing the value-creation and growth potential of the company’s Ford+ plan,” Ford said in a press release.
Ford Motor reported a disappointing 2022 full-year net loss of $2.0 billion. During Q4 of 2022 Ford posted an adjusted EBIT $10.4 billion, and operating cash flow $1.2 billion for the quarter, $6.9 billion for the year. This was in stark contrast to GM, which reported a record $14.5 billion in earnings for 2022. (autoinformed.com: GM Posts Record $14.5 Billion in Earnings During 2022; More Ford Recalls Published – Millions of Vehicles Involved) “We should have done much better last year,” said CEO Jim Farley at the time. “We left about $2 billion in profits on the table that were within our control, and we’re going to correct that with improved execution and performance.”
Dion has a background in large-company implementation of Lean systems. Dion held management and P&L positions in areas of research and development, operations, customer satisfaction and loyalty, and business acquisitions and integrations. Dion is a graduate of the University of Connecticut, where he earned both a master’s degree in business administration and bachelor’s degree in electrical engineering.
Ford’s goal is an 8% EBIT margin for its so-called Model e electrification by 2026. It is being pushed hard here by General Motors, Toyota and other global automakers as they compete in the capital markets. (autoinformed.com on: GM’s Dual Platform Strategy – Doubling Revenues by 2030?; GM Raises 2022 Earnings, Offers 2023-25 Performance Goals; New Toyota Motor President Koji Sato on Evolution)
Dion comes from ESAB Corp., a Maryland-based company involved in fabrication and specialty gas-control technology, where he most recently was vice president, Business Excellence. ESAB has roots that reach back to Sweden ~120 years ago, but was spun off in 2022 as an independent, publicly traded company. Dion led its industrial and cultural remaking, Ford claimed.
Dion was with Danaher Corp. for 24 years until 2021, holding progressive leadership roles at six of its operating companies and Danaher Life Sciences. Dion led the integrations and transitions of several Danaher acquisitions, including the two largest: the $13 billion purchase of Pall Corp. and $21 billion acquisition of GE BioPharma, subsequently renamed Cytiva.
“In those and other positions, Dion directed application of kaizen-based, Lean manufacturing and transactional systems that prioritized exceptional people and plans and repeatable processes, leading to superior execution and performance,” Ford claimed.
John Dion to be Chief Transformation Officer at Struggling Ford
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Ford Motor (NYSE: F) said today in Dearborn that a new senior leader, John Dion, will join the company as chief transformation officer on 3April, reporting to Ford CEO Jim Farley. “Dion will oversee global deployment of methodologies and tools based on Lean manufacturing and related concepts, capabilities that are central to realizing the value-creation and growth potential of the company’s Ford+ plan,” Ford said in a press release.
Ford Motor reported a disappointing 2022 full-year net loss of $2.0 billion. During Q4 of 2022 Ford posted an adjusted EBIT $10.4 billion, and operating cash flow $1.2 billion for the quarter, $6.9 billion for the year. This was in stark contrast to GM, which reported a record $14.5 billion in earnings for 2022. (autoinformed.com: GM Posts Record $14.5 Billion in Earnings During 2022; More Ford Recalls Published – Millions of Vehicles Involved) “We should have done much better last year,” said CEO Jim Farley at the time. “We left about $2 billion in profits on the table that were within our control, and we’re going to correct that with improved execution and performance.”
Dion has a background in large-company implementation of Lean systems. Dion held management and P&L positions in areas of research and development, operations, customer satisfaction and loyalty, and business acquisitions and integrations. Dion is a graduate of the University of Connecticut, where he earned both a master’s degree in business administration and bachelor’s degree in electrical engineering.
Ford’s goal is an 8% EBIT margin for its so-called Model e electrification by 2026. It is being pushed hard here by General Motors, Toyota and other global automakers as they compete in the capital markets. (autoinformed.com on: GM’s Dual Platform Strategy – Doubling Revenues by 2030?; GM Raises 2022 Earnings, Offers 2023-25 Performance Goals; New Toyota Motor President Koji Sato on Evolution)
Dion comes from ESAB Corp., a Maryland-based company involved in fabrication and specialty gas-control technology, where he most recently was vice president, Business Excellence. ESAB has roots that reach back to Sweden ~120 years ago, but was spun off in 2022 as an independent, publicly traded company. Dion led its industrial and cultural remaking, Ford claimed.
Dion was with Danaher Corp. for 24 years until 2021, holding progressive leadership roles at six of its operating companies and Danaher Life Sciences. Dion led the integrations and transitions of several Danaher acquisitions, including the two largest: the $13 billion purchase of Pall Corp. and $21 billion acquisition of GE BioPharma, subsequently renamed Cytiva.
“In those and other positions, Dion directed application of kaizen-based, Lean manufacturing and transactional systems that prioritized exceptional people and plans and repeatable processes, leading to superior execution and performance,” Ford claimed.