MICHIGAN (CBS DETROIT) – There’s a shakeup at Ford Motor Company.

Friday the company announced President of the Automotive Division Joe Hinrichs is retiring.

READ MORE: Consumer Alert: How To Avoid Fake N95, KN95 Masks

Henrichs, an industry veteran, is retiring after 19-years with the company.

READ MORE: Flint Public Schools Staying Virtual Indefinitely Due To Large Amount Of Positive COVID-19 Cases

The company also announced Jim Farley is moving up to serves as chief operating officer.

The latest moves come after a lower than expected earnings report for 2019.

MORE NEWS: State Fears Confusion After Michigan Restaurant Wins In Dining Ban Case

© 2020 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.