Ford Motor Company announced that Bernard Silverstone, chief operating officer, will succeed Mike Bannister, executive vice president and chairman and CEO of Ford Motor Credit Company, as group vice president and chairman and CEO of Ford Motor Credit Company, effective Jan. 1, 2013.
Silverstone, 56, has served at Ford Credit for 33 years and will continue Ford Credit’s strategies to improve and expand its business and profitably support Ford’s growth plans. He was named to his present position as chief operating officer of Ford Credit in January. He previously led Ford Credit’s marketing and sales operations globally and the company’s international operations, which covers all Ford Credit business outside the U.S. and Canada. Before that, he served as chairman of Ford Credit Europe. He joined Ford Credit Britain in 1979 and has held a wide variety of staff, operations and leadership positions in the North American, European and Asia Pacific regions. -PR Newswire