Ian McAllister is to step down as chairman and managing director of Ford of Britain on February 28, after 38 years with the company. He will be replaced by Roger Putnam, who will become chairman, and Paul Thomas, managing director, effective from the March 1, 2002.

Mr Putnam takes up his position at Ford from Jaguar, which he joined in 1982, and has been director, sales and marketing since 1986.

Mr Thomas, currently sales director, Ford of Britain, joined the company in 1974 and progressed through marketing and sales positions within Ford of Britain, Ford Credit and Ford of Europe including brand manager before taking his existing role in April 2001. As managing director, he will be responsible for all the Ford brand operations in the UK.

Earl Hesterberg, vice president sales and marketing, Ford of Europe, said:"I would like to thank Ian for his significant contribution to Ford during his long and distinguished career."

Mr McAllister was last month confirmed as the head of team bidding to take over Railtrack's role as operator of the rail network. He is also chairman of The Carbon Trust, deputy chairman of the Qualifications and Curriculum Authority, senior non-executive director, Scottish & Newcastle plc and member of the Audit Committee.