Ford Motor, the $129 billion Dearborn, Mich.-based automaker, appointed Bob Shanks CFO effective April 1. He replaces Lewis Booth, CFO since 2008, who will retire. Shanks, 59, served as Ford's controller and vice president since 2009. He joined the company in 1977 as accounts receivable analyst. Since then, Shanks has served as controller for the Americas and head of operations support, finance and strategy for Ford of Europe and Premier Automotive Group. He was also CFO at both Premier and Mazda.

Target, the $67.3 billion retailer, named John Mulligan CFO and executive vice president of finance. He succeeds Doug Scovanner, who is retiring. Mulligan, 46, most recently served as the Minneapolis-based company's senior vice president of treasury and accounting. Since joining the company in 1996, he has worked in finance, human resources and for Target.com. Previously, Mulligan was a senior design engineer at Kimberly-Clark and a senior project engineer at Waldorf Corp. in St. Paul, Minn.

Lincoln Financial, the $10.4 billion Philadelphia-based life insurance and retirement products company, appointed Jeffrey Coutts corporate treasurer. He replaces Anant Bhalla, who is no longer with the company. Coutts, 42, most recently was head of financial management for Lincoln's insurance and retirement solutions unit, and previously headed product development for its employer markets division. Coutts joined Jefferson Pilot as a corporate actuary in 1996.