Wednesday, October 22, 2025
  • Login
CEO North America
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
CEO North America
No Result
View All Result

CEO North America > News > CEO Jim Hackett is retiring

CEO Jim Hackett is retiring

in News
- CEO Jim Hackett is retiring
Share on LinkedinShare on WhatsApp

Ford Motor Co. announced that CEO Jim Hackett is retiring from the company.

The 65 year-old CEO Jim Hackett has “elected to retire from the company,” Ford said in a news release. Chief Operating Officer Jim Farley is taking the helm and assumes his new role as CEO on October 1. Hackett, a retired Steelcase CEO who had run Ford’s mobility efforts, will stay on as an adviser to Farley through March of 2021. No specific details were given on Farley’s plans as CEO, though more information will likely emerge in the coming weeks and months as the leadership transition begins.

“Under Hackett,” the company said in the statement, “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.” Bill Ford, who has had a close relationship with Hackett since he started, said in the statement, “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,” said Bill Ford.

According to The Detroit Free Press, during the first three months of 2020, Ford reported a $2 billion earnings loss. A week ago, the company reported a $1.9 billion earnings loss for the second quarter, which was better than Wall Street predicted. But the company has sustained criticism for emerging from 2019 without healthier financials. Ford has been working on an $11 billion restructuring plan that Wall Street has failed to reward with higher stock prices and has struggled under the Hackett leadership with product launch problems involving the Ford Explorer, the Lincoln Aviator and the Police Interceptor, seeing a steady drop in stock value that predates the pandemic.

MarketWatch reported that just after the change was announced Tuesday morning, Ford shares rose 2.9% to $6.88 in early trading.

Tags: CEOCEO Jim HackettCEO NorthamFordJim Hackett

Related Posts

Coca-Cola ‘stayed flexible’ to achieve solid Q3 results
News

Coca-Cola ‘stayed flexible’ to achieve solid Q3 results

Octave Klaba returns as OVHcloud CEO
News

Octave Klaba returns as OVHcloud CEO

GM stocks rise as company raises full-year guidance
News

GM stocks rise as company raises full-year guidance

Kering and L’Oréal forge new  $4.66 billion alliance
News

Kering and L’Oréal forge new  $4.66 billion alliance

White House Economic Adviser Kevin Hassett says U.S. could take further stakes in industries
News

White House Economic Advisor says shutdown could end this week

China ‘violated’ trade agreement with US, Trump says
News

Trump to resume trade talks with China

US stock exchanges end week up
News

Dow futures drop 300 points as record sell-offs continue

Trump strikes tariff deal with Merck KGaA
News

Trump strikes tariff deal with Merck KGaA

United Airlines CEO Scott Kirby says prolonged U.S. shutdown could harm industry
News

United Airlines CEO Scott Kirby says prolonged U.S. shutdown could harm industry

Salesforce lowers outlook during CFO transition
News

Salesforce posts Q2 win, increases 2030 forecast

No Result
View All Result

Recent Posts

  • From the Granite State to Cyberspace: Connection tells CEO-NA about its 4-decade journey
  • Coca-Cola ‘stayed flexible’ to achieve solid Q3 results
  • GM stocks rise as company raises full-year guidance
  • Will Fed Cuts Lower Mortgage Rates?
  • ‘We’re not going to wait for one company’: NASA chief suggests SpaceX may be booted from moon mission

Archives

Categories

  • Art & Culture
  • Business
  • CEO Interviews
  • CEO Life
  • Editor´s Choice
  • Entrepreneur
  • Environment
  • Food
  • Health
  • Highlights
  • Industry
  • Innovation
  • Issues
  • Management & Leadership
  • News
  • Opinion
  • PrimeZone
  • Printed Version
  • Technology
  • Travel
  • Uncategorized

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

  • News
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

CEO North America © 2024 - Sitemap

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.