Ford Announces Jim Hackett to Retire as President and CEO; Jim Farley to Succeed Hackett as Company Continues Transformation
04 Agosto 2020 - 10:00AM
Business Wire
- Jim Hackett, who has led Ford Motor Company’s transformation
since 2017 as president and CEO, has elected to retire from the
company
- Jim Farley, currently chief operating officer, becomes
president and CEO of Ford effective Oct. 1. He was also elected to
the Ford board of directors. He will work closely with Jim Hackett
on the transition over the next two months
- Seamless CEO transition underscores strength of Ford’s
leadership team, succession planning, and company progress over the
past three years, Executive Chairman Bill Ford says
Ford Motor Company today announced that Jim Hackett, who has led
the company’s transformation since 2017, plans to retire from the
company. Jim Farley has been named the company’s new president and
CEO and will join the board of directors, effective Oct. 1.
Hackett, 65, and Farley, 58, will work together on a smooth
leadership transition over the next two months.
Under Hackett, Ford moved aggressively into the new era of smart
vehicles and drove a deeper focus on customers’ wants and needs. At
the same time, Ford improved the fitness of the base business –
restructuring operations, invigorating the product portfolio and
reducing bureaucracy.
“I am very grateful to Jim Hackett for all he has done to
modernize Ford and prepare us to compete and win in the future,”
said Bill Ford, Ford’s executive chairman. “Our new product vision
– led by the Mustang Mach-E, new F-150 and Bronco family – is
taking shape. We now have compelling plans for electric and
autonomous vehicles, as well as full vehicle connectivity. And we
are becoming much more nimble, which was apparent when we quickly
mobilized to make life-saving equipment at the outset of the
pandemic.”
Farley, an automotive leader with deep global experience and a
successful track record, collaborated with Hackett over the past
three years to develop and execute Ford’s Creating Tomorrow
Together plan to transform Ford into a higher-growth, higher-margin
business.
“Jim Farley matches an innate feel for cars and customers with
great instincts for the future and the new technologies that are
changing our industry,” Bill Ford said. “Jim’s passion for great
vehicles and his intense drive for results are well known, and I
have also seen him develop into a transformational leader with the
determination and foresight to help Ford thrive into the
future.”
Farley joined Ford in 2007 as global head of Marketing and Sales
and went on to lead Lincoln, Ford South America, Ford of Europe and
all Ford global markets in successive roles. In April 2019, Farley
was chosen to lead Ford’s New Businesses, Technology & Strategy
team, helping the company determine how to capitalize on powerful
forces reshaping the industry – such as software platforms,
connectivity, AI, automation and new forms of propulsion. He was
named chief operating officer in February of this year.
Hackett, who will continue as a special advisor to Ford through
March of 2021, said the time is right to pass the mantle of
leadership to Jim Farley.
“My goal when I took on the CEO role was to prepare Ford to win
in the future,” Hackett said. “The hardest thing for a proud,
long-lived company to do is change to meet the challenges of the
world it’s entering rather than the world it has known. I’m very
proud of how far we have come in creating a modern Ford and I am
very optimistic about the future.
“I have worked side-by-side with Jim Farley for the past three
years and have the greatest confidence in him as a person and a
leader,” Hackett said. “He has been instrumental in crafting our
new product portfolio and redesigning our businesses around the
world. He is also a change agent with a deep understanding of how
to lead Ford in this new era defined by smart vehicles in a smart
world.”
Said Farley: “I love Ford and I am honored by the opportunity to
serve and create value for Ford’s employees, customers, dealers,
communities and all of our stakeholders. Jim Hackett has laid the
foundation for a really vibrant future and we have made tremendous
progress in the past three years. I am so excited to work together
with the whole Ford team to realize the full potential of this
great company in a new era.”
About Ford Motor Company
Ford Motor Company (NYSE: F) is a global company based in
Dearborn, Michigan. The company designs, manufactures, markets and
services a full line of Ford cars, trucks, SUVs, electrified
vehicles and Lincoln luxury vehicles, provides financial services
through Ford Motor Credit Company and is pursuing leadership
positions in electrification; mobility solutions, including
self-driving services; and connected services. Ford employs
approximately 188,000 people worldwide. For more information
regarding Ford, its products and Ford Motor Credit Company, please
visit corporate.ford.com.
For news releases, related materials and
high-resolution photos and video, visit www.media.ford.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200804005597/en/
Media: T.R. Reid 1.313.319.6683
treid22@ford.com
Equity Investment Community: Lynn
Antipas Tyson 1.313.621.2902 ltyson4@ford.com
Fixed Income Investment Community:
Karen Rocoff 1.313.621.0965 krocoff@ford.com
Shareholder Inquiries:
1.800.555.5259 or 1.313.845.8540 stockinf@ford.com
Ford Motor (NYSE:F)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
Ford Motor (NYSE:F)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024