Ford Canada CEO leaving after just six months

Tue Aug 19, 2008 5:07pm EDT
 
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TORONTO (Reuters) - Ford Motor Co of Canada (F.N: Quote) said on Tuesday it will appoint a new chief executive to replace Barry Engle, who is leaving the company effective Sept 8, after just six months in the job.

Engle, who has served in a variety of positions at Ford in the United States, Mexico, Japan, Brazil and Canada, is leaving to become president and CEO of New Holland Agricultural Equipment SpA, a unit of CNH Global NV CNH.N, and will be based in his native Pennsylvania.

Engle has been with Ford Canada only since February, when he moved over from serving as general manager of Ford Division Marketing.

Ford Canada has been struggling due to difficult market conditions in the United States, where nine out of 10 cars built in Canada are sold.

In late July, the company postponed plans for a third shift at its Oakville, Ontario, plant, throwing the jobs of 350 new hires into limbo.

Engle said in a statement that working at Ford Canada had been "one of the best experiences" of his career, but that he was looking forward to returning to his extended family in Pennsylvania with his wife and six children.

"This new role leading a global player in the agricultural equipment industry is an opportunity to return home to Pennsylvania," he said.

CNH Global is majority-owned by Italy's Fiat SpA FIA.MI.

(Reporting by John McCrank; editing by Rob Wilson)