Ted Cannis Retires as Ford Pro CEO
Ted Cannis Retires as Ford Pro CEO
Ted Cannis Retires as Ford Pro CEO
News summary

Ted Cannis, CEO of Ford Pro and the Ford Customer Service Division, will retire at the end of September after a 35-year career with Ford. Under his leadership since 2021, Ford Pro has become a highly profitable segment, projected to generate $70 billion in revenue this year. Jim Farley, Ford's president and CEO, praised Cannis for his dedication, noting that Ford Pro has significantly contributed to offsetting losses in the company's EV sector. Andrew Frick will temporarily take over Cannis's role until a permanent successor is named. Cannis's tenure included pivotal contributions to electric vehicle development, including the Mustang Mach-E and F-150 Lightning. Ford Pro has been described as a 'hidden gem' for the automaker, accounting for nearly 35% of its overall revenue in recent quarters.

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