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DEARBORN, Mich. - Ford Motor Company (NYSE:F), a $44 billion automotive giant with annual revenues exceeding $182 billion, announced that Alicia Boler Davis has been appointed president of Ford Pro, the company’s commercial vehicle division, effective Oct. 1. She will report to Ford President and CEO Jim Farley. According to InvestingPro analysis, Ford maintains its position as a prominent player in the global automobiles industry, currently trading at an attractive P/E ratio of 8.8.
Davis brings more than 30 years of experience in automotive and technology sectors. She most recently served as CEO of Alto Pharmacy, which grew to over $1 billion in revenue before being acquired in March. Prior to that, she was Senior Vice President of Global Customer Fulfillment at Amazon, overseeing 800,000 employees and the company’s fulfillment center network during the pandemic.
Before joining Amazon, Davis spent 25 years at General Motors in various leadership roles, including Executive Vice President of Global Manufacturing and Labor Relations, where she managed 150 facilities across 20 countries and oversaw 22 vehicle launches.
She succeeds Andrew Frick, who served as interim leader of Ford Pro since last year. Frick will continue to lead Ford Blue and Ford Model e divisions.
"Alicia’s unique skillset and experiences make her the ideal leader to guide Ford Pro into the next era – accelerating our move into software and services and growing Ford Pro’s already strong profitability," said Farley in the press release. The appointment comes as Ford maintains its shareholder-friendly stance with a substantial 6.77% dividend yield, having consistently paid dividends for 14 consecutive years. InvestingPro data reveals 13 additional key insights about Ford’s financial health and market position.
Davis, who was born in Detroit and has family members who previously worked at Ford, holds a bachelor’s degree in chemical engineering from Northwestern University, a master’s degree in engineering science from Rensselaer Polytechnic Institute, and an MBA from Indiana University’s Kelley School of Business.
She currently serves on the board of directors of JPMorgan Chase & Co.
Ford Pro is the company’s commercial vehicle business unit that provides vehicles, software, and services to commercial customers. For detailed analysis of Ford’s commercial division performance and comprehensive insights, investors can access the full Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with expert analysis and actionable intelligence.
In other recent news, Ford Motor Company reported a robust 14.2% increase in sales during the second quarter, delivering 612,095 vehicles and surpassing the industry’s estimated growth of 1.4%. This surge allowed Ford to expand its market share to an estimated 14.3%, marking a 1.8 percentage point increase from the first quarter of 2025. Additionally, Ford announced that its $3 billion electric vehicle battery plant in Michigan is expected to qualify for production tax credits due to recent legislative changes. The facility, currently 60% complete, had previously faced uncertainties regarding tax credits for batteries using Chinese technology. In other developments, Ford is recalling over 850,000 vehicles in the United States due to a potential defect in the low-pressure fuel pump, as reported by the U.S. National Highway Traffic Safety Administration. Moreover, Ford has initiated a field service action related to fuel injectors in certain vehicle models, estimating the cost at approximately $570 million. This expense is expected to be reflected in its second-quarter 2025 results. Lastly, Ford announced a new policy requiring most salaried employees to return to the office four days a week starting September 1.
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