Ford’s Head Of Europe Resigns

Martin Leach (46), appointed as president and COO of Ford of Europe a year ago, has resigned “to pursue new opportunities”, says the company. This follows publication of Ford Europe’s second quarter figures, which show that the car manufacturer made a 2Q pretax loss of $525 million (462 m Euro). Leach’s job will be carried out by David Thursfield, president of international operations and chairman and chief executive of Ford of Europe, until a replacement is found.