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.