Directorate Change

Ford Motor Co 13 November 2003 Contact: Anne Marie Gattari 313.322.9211 agattari@ford.com IMMEDIATE RELEASE FORD MOTOR COMPANY NAMES VICE PRESIDENTS • Matt DeMars led successful development and launch of 2004 Ford F-150, • Michael Bannister has helped Ford Credit operations around the world gain momentum. DEARBORN, Mich., Nov. 13 - Ford Motor Company today announced its board of directors has elected Matt DeMars vice president, North America Vehicle Operations; and Michael Bannister a vice president of the company. The appointments are effective immediately. Since December 2001, DeMars, 47, was executive director of Pickup Truck and Commercial Vehicle Platforms and had lead responsibility for the successful development and launch of the 2004 Ford F-150. He reports to Roman Krygier, group vice president, Global Manufacturing and Quality, and succeeds Anne Stevens, who was named, group vice president of Canada, Mexico and South America on Oct. 1. 'Matt managed one of the most important product launches in our history and did so successfully,' said Krygier. 'He is a superb manufacturing and engineering leader who knows what it takes to build quality cars and trucks for our customers.' Bannister, 53, remains president and chief operating officer of Ford Motor Credit Company. In that role, he oversees all sales and marketing functions globally, service centers, quality, customer satisfaction, process management and insurance operations. Previously, he had been president, Ford Credit International, heading up operations in Asia-Pacific, Europe and Latin America. He continues to report to Greg Smith, chairman and CEO, Ford Credit. 'Mike is key to our ongoing success in providing world-class service to our customers,' Smith said. 'His breadth of experience at Ford Credit operations around the world has helped us gain momentum and sustain it.' DeMars joined Ford in 1978 as a manufacturing engineer. He has held a variety of positions including product design, advanced manufacturing planning and project management. From January 2000 to December 2001, DeMars was director of manufacturing, overseeing the Norfolk Assembly, Kansas City Assembly, Kentucky Truck Assembly and Ontario Truck plants. Prior to that, he was chief program engineer for the F-Series, Expedition and Navigator programs. DeMars holds a master's degree in business administration from Central Michigan University and a bachelor's degree from Lawrence Institute of Technology. Bannister joined Ford Credit in 1973. During his career, he has held a number of branch and regional management operating positions in North America. He has also served as vice president of Marketing in North America and executive director of European Sales Operations. Bannister holds a bachelor's degree in business administration from Memphis State University. Go to http://media.ford.com for news releases and high-resolution photographs. This information is provided by RNS The company news service from the London Stock Exchange
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