Kevin Reynolds Named Romania’s Automobile Craiova New Chairman

Kevin Reynolds, the strategy and financial department manager of Ford Europe, was officially named Tuesday as the new chairman of the Managing Board of Romania’s auto assembly plant Automobile Craiova (AUCS.RO), owned by U.S. automaker Ford.

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Reynolds replaced Lyle Waters, who has been promoted head of Ford’s South America division.

Waters was Ford's chief-negotiator with the Romanian Government when the company took over the car plant in southern Romania.

In addition to being in charge of Ford's operations in Romania, Reynolds will remain the development and strategy manager at Ford Europe.

Automobile Craiova’s Managing Board also includes Leonard Meany, Dionisio Campos, Ion Ion and Dinel Staicu.

On Tuesday, the Managing Board also chose Pricewaterhouse Coopers Tax Advisors & Accountants SRL as the company’s auditor, with a 1-year contract.

In March, Ford took over a 72.4% stake in Automobile Craiova, for EUR57 million.

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