Ford Motor Co. Chief Financial Officer Bob Shanks is readying his retirement, according to a CNBC report that cited sources familiar with the matter. Shanks would stay through the end of the year and a new CFO would be announced in the second half of the year, according to the report. Shanks has been Ford's CFO since 2012. Ford Chief Executive Jim Hackett was hired in May 2017. Shares of Ford rose 0.3% in late trading Thursday. The shares have lost 21% in the past 12 months, which contrasts with gains around 2% for the S&P 500 index .
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