v. Why was Jim chosen s the CEO? (1)
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Farley will succeed Jim Hackett from October 1
Ford Motor Company on Tuesday announced that Jim Farley, the current Chief Operating Officer of the company, will be taking over the role of President and CEO of Ford effective October 1.
Jim Hackett, who has led the company since 2017, will be retiring from the company. Farley will also be joining the board of directors.
He will work closely with Hackett on the transition over the next two months, the company said.
“I am very grateful to Jim Hackett for all he has done to modernise 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.”
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