Wednesday, June 19, 2024
NewsFord CEO Jim Hackett To Retire On October 1st

Ford CEO Jim Hackett To Retire On October 1st

Ford’s outspoken CEO Jim Hackett will retire and step down from his position effective October 1st.


  • Current COO Jim Farley will replace Hackett.

  • Hackett has been at Ford’s helm since May 2017.


Hackett, now 65 years of age, will hand over the CEO position at Ford to current COO Jim Farley on October 1st. Hackett will work with the latter over the next few months to safeguard a smooth transition of power.

Ford Mustang Mach-E Intelligent Range

Jim Hackett became Ford’s CEO in May of 2017. Of his many challenges at the time, one was to reduce the time required in the decision-making process. One must believe that he’s met this goal head-on as Ford seems properly poised to take on the future. The most recent product announcements and launches, namely the Ford Mustang Mach-E, the Bronco, and all-new F-150 are all steps in a powerful direction.

2021 Ford Bronco Two-Door And Four-Door Models Unveiled

Automotive News (subscription required) reports that his mandate was to be a change agent and it seems as though he feels he’s fulfilled his role. Hackett has not announced an official reason for his retirement but he made the following statement:

“My goal when I took on the CEO role was to prepare Ford to win in the future. The hardest thing for a proud, long-lived company to do is change to meet the challenges of the world it’s entering rather than the world it has known. I’m very proud of how far we have come in creating a modern Ford and I am very optimistic about the future.”

Jim Farley, President, New Businesses, Technology & Strategy, Ford Motor Company | Photo: Ford

Advertisement

Trending Now

Matt St-Pierre
Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.