Ford’s global chief marketing officer, Lisa Materazzo, will depart the company at the start of June.
Materazzo has been with the automotive company since 2023, when she joined Toyota following a 20-year tenure and rose to its VP of marketing.
She led the development of the company’s global brand strategy under the ‘Ready, Set, Ford’ banner. Materazzo also oversaw the modernisation of Ford’s global marketing function during her tenure.
Ford president and chief executive officer Jim Farley said: “We appreciate Lisa’s significant contributions to the Ford+ plan, including building a world-class team, driving customer loyalty and supporting our dealers around the world.”
Dean Stoneley, global product marketing executive director, will serve as interim global chief marketing officer while the company searches for a permanent successor.
Stoneley previously served as chief executive of Ford Canada and chief executive of FordDirect. Farley said Stoneley brings experience in digital strategy and product marketing to the interim role.
Materazzo said in a statement: “It has been an incredible honour to serve as Global CMO during this era of unprecedented change. I want to extend a heartfelt thank you to my amazing team.”
In a post to LinkedIn, she added: “It has been an honour to serve during such an important chapter in Ford’s transformation. As I look ahead, I’m energised by the possibilities of what comes next.”
Materazzo has not yet announced where she will work next.
