Ford promotes new product development chief in Europe

Ford promoted global programs director Joerg Bayer to head of product development in Europe as part of upcoming changes designed to return the region to profitability.

Bayer, 53, replaces Joe Bakaj, who retires after more than 30 years at the automaker, according to Automotive News. The reshuffle is part of Ford of Europe’s cost-saving plan called Sprint to 6 Reset and Redesign, which refers to Ford’s aim to reach a six percent EBIT profit margin in the region. The automaker has not given a timeframe for the plan.

Beyer, a German national, has worked as an engineer within Ford since 1990. He has held a number of product development roles based in Germany, the UK and China, including as chief engineer for the Mondeo and Fiesta cars.

Prior to moving to the new role of executive director for engineering at Ford of Europe, Beyer worked as executive director of Ford’s global programs.