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Ford has named Amazon.com Inc veteran Tim Stone as Ford’s Chief Financial Officer. The appointment is the automakers first external hire for the role in seven decades.

Stone will take over as CFO from Bob Shanks on June 1st. Stone has held various financial roles at Amazon and was most recently CFO of Snapchat messaging app owner, Snap Inc.

In his new role, Stone will report to Chief Executive Jim Hackett.

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