Ford Motor Co. says its lead executive in Mexico will retire next week, marking the second high-ranking manager to leave the auto maker in less than one month.

Louise Goeser, Ford vice president and president and CEO of Ford of Mexico, will step down from her post Nov. 1. Eduardo Serrano, currently chief operating officer of Ford of Mexico, will replace Goeser.

Ford announced the retirement earlier this month of Chief Finance Offcier Don Leclair. Lewis Booth, executive vice president of Ford and chairman of Volvo Car Corp., replaces the 56-year-old LeClair on Nov. 1.

Goeser, 55, leaves after nine years with the auto maker and three years as its top executive in Mexico. In a statement, Ford calls Goeser essential to bringing new products to four manufacturing sites in the region.

“As difficult as it will be to leave, I am looking forward to serving on boards and spending more time with my husband, children and grandchildren,” Goeser says in the statement.

Serrano, 49, joined Ford of Mexico in 1982 as supplier quality assurance representative. He has held a number of leadership positions in the U.S. and Mexico.

In his new capacity, Serrano will report to David Schoch, executive director, Canada, Mexico and South America.