FM Capital, an investment firm, has added Joe Hinrichs as a venture partner for the firm’s fourth fund as it hopes to better serve its automotive-related portfolio companies.

In his new role, Hinrichs will assist with overall strategy, deal sourcing, and business development. Hinrichs joins the firm with over 30 years of experience in the auto industry and most recently served as the president of Ford Motor Co.‘s global automotive business. Hinrichs will join Ron Frey as a venture partner.

“The combination of Joe and Ron strengthens our proven formula that leverages both the operating experience of our team and the network of our venture partners and strategic investors to identify opportunities and enable transformative innovation in transportation,” said Mark Norman, managing partner at FM Capital.