Canadian Ford CEO Retires

In a move that no one could have predicted, Ford of Canada CEO Barry Engle will leave the company to persue other business ventures.

He will leave the company officially on September 8th but the crazy thing is, he’s only been working for the company for 6 months, starting in Feburary.

Why is Engle leaving Ford of Canada you ask? Well probably because the US economy is doing poorly. According to the press release 9/10 cars made in Canada are sold in the US and with new car sales so low in the states, Ford must be hurting.

And where exactly is Engle going? Well, he’s moving back to Pennsylvania with his wife and six kids to become the president and CEO of New Holland Agricultural Equipment SpA, a job which is probably a little less depending on new car sales.