Jim Farley to replace Jim Hackett as Ford’s CEO as well as president

Ford has verified that CEO as well as president Jim Hackett will soon step down from his setting after three years in charge.
He will be replaced by the brand’s present chief Operations Officer, Jim Farley, in process that will see Farley presume the lead over the next two months – although Hackett will stay at Ford as a special advisor up until March 2021.

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Hackett, 65, has led Ford’s transformation since 2017, overseeing the introduction of a number of important new models, including the Puma crossover, the all new Bronco off-roader as well as the pure-electric Mustang Mach-E. Ford likewise states that Hackett assisted enhance the company’s general health and wellness by restructuring its operations as well as reducing the firm’s level of bureaucracy.
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Farley, 58, has been with Ford since 2007, starting as the company’s worldwide head of Sales as well as Marketing, moving with administration positions at Lincoln, Ford South America as well as Ford Europe, before taking a leading function in Ford’s innovation as well as strategy team in 2019. He was named COO in February as well as will take up his CEO setting in October.
Ford executive Chairman, expense Ford, said: “I am extremely grateful to Jim Hackett for all he has done to modernize Ford as well as prepare us to contend as well as win in the future. Our new product vision – led by the Mustang Mach-E, new F-150 as well as Bronco household – is taking shape. 
“We now have compelling plans for electric as well as autonomous vehicles, in addition to full vehicle connectivity. as well as we are ending up being much more nimble, which was apparent when we quickly mobilized to make life-saving devices at the outset of the pandemic.
“Jim’s enthusiasm for fantastic vehicles as well as his intense drive for results are well known, as well as I have likewise seen him establish into a transformational leader with the decision as well as foresight to assist Ford thrive into the future.”
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