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AUTO NEWS – Jim Farley to exchange Jim Hackett as Ford’s CEO and President

Jim Farley to exchange Jim Hackett as Ford’s CEO and President


Ford has confirmed that CEO and President Jim Hackett will quickly step down from his place after three years in cost.

He will probably be changed by the model’s present Chief Operations Officer, Jim Farley, in course of that may see Farley assume the lead over the subsequent two months – though Hackett will stay at Ford as a particular advisor till March 2021.

Hackett, 65, has led Ford’s transformation since 2017, overseeing the introduction of a number of necessary new fashions, together with the Puma crossover, the all new Bronco off-roader and the pure-electric Mustang Mach-E. Ford additionally says that Hackett helped enhance the corporate’s total well being by restructuring its operations and lowering the agency’s stage of paperwork.

Farley, 58, has been with Ford since 2007, beginning as the corporate’s international head of Gross sales and Advertising and marketing, transferring by administration positions at Lincoln, Ford South America and Ford Europe, earlier than taking a number one position in Ford’s Know-how and Technique staff in 2019. He was named COO in February and can take up his CEO place in October.

Ford Govt Chairman, Invoice Ford, stated: “I’m very grateful to Jim Hackett for all he has carried out to modernize Ford and put together us to compete and win sooner or later. Our new product imaginative and prescient – led by the Mustang Mach-E, new F-150 and Bronco household – is taking form. 

“We now have compelling plans for electrical and autonomous autos, in addition to full automobile connectivity. And we have gotten way more nimble, which was obvious once we rapidly mobilized to make life-saving gear on the outset of the pandemic.

“Jim’s ardour for excellent autos and his intense drive for outcomes are well-known, and I’ve additionally seen him develop right into a transformational chief with the willpower and foresight to assist Ford thrive into the longer term.”

Take a look at the most recent Ford information and critiques right here…

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AUTO NEWS – Jim Farley to exchange Jim Hackett as Ford’s CEO and President
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