Ford joint venture CFO outlines project progress
Jiem Cranney updates Louisville CFOs on Ford's battery manufacturing initiative
BlueOval/SK CFO Jiem Cranney spent an hour discussing the battery plants that will be constructed in Kentucky and Tennessee and talking about many of the nuances the new business will face. Cranney appeared before about 75 people at FEI's September meeting.
As David Mann wrote in his Business First coverage:
"In the joint venture agreement between Ford Motor Co. and SK Innovation, both parties agreed that some leadership positions would always be filled by just one company or the other.
"For instance, the chief technology position at the joint venture, called BlueOval SK LLC, will always be filled by SK Innovation, while the plant management will always be Ford Motor Co. It's in this way that each of the companies hope to harness their own expertise as they seek to build the U.S. market for electric vehicles.
"That little tidbit on corporate structure was one of several points noted by Jiem Cranney, CFO, BlueOval SK LLC, who spoke Tuesday in front of the Louisville chapter of Financial Executives International, which met for its regular meeting at Baird's Downtown Louisville headquarters on Jefferson Street."
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