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

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

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

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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.

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