Within 72 hours of warning Wall Street that it planned to spend $1 billion more than expected this quarter on supply chain costs, Ford Motor Co. announced reorganizing part of its executive leadership team that oversees supply chain management and product development — while adding yet more Silicon Valley tech talent.

Parts shortages delay production and delivery, frustrate customers and disappoint investors. Pickups awaiting parts are stockpiled in lots around Dearborn and other cities.

Ford, which has seen its stock price drop with the disappointing news, said in a news release Monday that these latest leadership changes would "strengthen product creation and transform global supply chain management."

The company noted in the release that the situation is fluid while it hunts for a leader to manage the situation.

Ford continues poaching executives from high-profile Silicon Valley companies as the 119-year-old automaker pushes deeper into electric vehicle (EV) production and digital connection.

The latest management changes include:

Ford CEO Jim Farley said in a statement, “Developing and scaling the next generation of electric and software-defined vehicles requires a different focus and mix of talent from the accomplished Ford team and many exciting new colleagues joining our company.”

In July, Ford hired former Tesla exec Annie Liu to secure supplies.

"Ford is transforming its global supply chain management capability to support efficient and reliable sourcing of components, internal development of key technologies and capabilities, and world-class cost and quality execution," Farley said in the news release.

Ford's profit-generating Blue Ford gasoline-powered vehicle lineup that includes F-Series, Mustang, Ranger and Bronco, and Maverick remains essential to the overall strategy because it has "driven significant demand and market share gains,” Farley said.

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Earlier, Ford announced Hau Thai-Tang, chief industrial platform officer, will retire Oct. 1, and Dave Filipe, vice president, vehicle hardware modules, will retire effective Dec. 1. Each has worked at Ford three decades.

On Monday, the automaker released the grim news about chip shortages and other issues. Ford said in a news release that it expected to have up an estimated 40,000 to 45,000 partially-built vehicles stored on lots in various cities awaiting parts at the end of September. The company reports third quarter financials Oct. 26.

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Contact Phoebe Wall Howard: 313-618-1034 or phoward@freepress.com. Follow her on Twitter @phoebesaid