Skip advert
Advertisement

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

Hackett has retired from his leadership position after just three years at the helm and is succeeded by Farley, the brand’s acting COO

Ford has confirmed that CEO and President Jim Hackett will soon step down from his position after three years in charge.

He will be replaced by the brand’s current Chief Operations Officer, Jim Farley, in process that will see Farley assume the lead over the next two months – although Hackett will remain at Ford as a special advisor until March 2021.

Hackett, 65, has led Ford’s transformation since 2017, overseeing the introduction of several important new models, including the Puma crossover, the all new Bronco off-roader and the pure-electric Mustang Mach-E. Ford also says that Hackett helped improve the company’s overall health by restructuring its operations and reducing the firm’s level of bureaucracy.

Advertisement - Article continues below

Farley, 58, has been with Ford since 2007, starting as the company’s global head of Sales and Marketing, moving through management positions at Lincoln, Ford South America and Ford Europe, before taking a leading role in Ford’s Technology and Strategy team in 2019. He was named COO in February and will take up his CEO position in October.

Ford Executive Chairman, Bill Ford, said: “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. 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.

“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.”

Check out the latest Ford news and reviews here...

Skip advert
Advertisement
Skip advert
Advertisement

Recommended

Ford threatens to restrict petrol car sales to meet the UK’s EV targets
Ford Mustang Mach E GT
News

Ford threatens to restrict petrol car sales to meet the UK’s EV targets

Ford boss says ICE prices could rise as it seeks to dodge looming ZEV mandate penalty fines
9 May 2024
10 surprising things made by car companies, that aren't cars
Things made by car manufacturers - header
Features

10 surprising things made by car companies, that aren't cars

The world’s biggest auto manufacturers have many strings to their bows...
6 May 2024
UK new car buyers love a Mercedes-Benz but Ford is favourite when used
Mercedes A-Class - front cornering
News

UK new car buyers love a Mercedes-Benz but Ford is favourite when used

Data from YouGov’s BrandIndex shows that Mercedes-Benz is a top choice with new car buyers, with used buyers favouring Ford
2 May 2024
Best new cars coming in 2024
Best new cars coming in 2024 - header image
Best cars & vans

Best new cars coming in 2024

There are some big new models from the likes of BMW, Citroen, Dacia, Ford, MINI, Skoda and more on the way in 2024
12 Mar 2024

Most Popular

New Kia EV3 is a £30k electric car with a 372-mile range
Kia EV3 - front
News

New Kia EV3 is a £30k electric car with a 372-mile range

Kia expands its electric line up with the EV3 – taking plenty of inspiration from the flagship EV9
23 May 2024
Citroen C3 review
Citroen e-C3 - front
In-depth reviews

Citroen C3 review

A clever rethink of the small, affordable car theme, the C3 and its all-electric e-C3 twin have the potential to really shake up the market
22 May 2024
Renault Scenic review
Renault Scenic UK - front
In-depth reviews

Renault Scenic review

The Renault Scenic takes a pragmatic and polished approach to zero-emissions motoring
21 May 2024