Ford has announced that Jim Hackett (65) will be retiring from the company and his positions will be filled by Jim Farley (58), effective October 1, 2020. Both leaders will work together on a smooth leadership transition over the next two months, the company said.
While Hackett joined Ford in 2013, Farley has been with Ford since 2007. He joined as a 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 trending subjects such as software platforms, connectivity, AI, automation and new forms of propulsion. He was named Chief Operating Officer in February of this year.
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. 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. – Bill Ford, Executive Chairman
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.
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. 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. – Jim Hackett
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. – Jim Farley
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