Ford says Jim Hackett to retire as CEO; to be replaced by Jim Farley

By: Bloomberg
| Updated on: 04 Aug 2020, 19:07 PM

Share Via

Follow us on:

Ford Motor said that CEO Jim Hackett, who has led the company’s transformation since 2017, plans to retire from the company. Jim Farley has been named the company’s new president and CEO and will join the board of directors, effective October 1.

Share Via

Ford logo

Hackett, 65, and Farley, 58, will work together on a smooth leadership transition over the next two months.

Ford President and CEO Jim Hackett. **(REUTERS)**

Share Via

Ford President and CEO Jim Hackett. (REUTERS)

Ford announced in an official statement that Jim Hackett will retire as President and CEO and Jim Farley will succeed Hackett as company continues transformation.

First Published Date: 04 Aug 2020, 19:07 PM IST

TAGS: Ford Ford Motor Jim Hackett

NEXT ARTICLE BEGINS

Editor's Pick

The Kinetic Luna was a highly popular offering known for its easy rideability and low maintenance, Kinetic aims to replicate the same with an electric version

All-electric Kinetic Luna moped launch confirmed; likely to be called e Luna

A total of 6,467 I-Pace electric crossovers in the US have been impacted by the recall.

Jaguar I-Pace recalled over battery fire risk, nearly 6,400 cars impacted. Details here

The new Hero HF Deluxe Canvas Edition gets new colours and more features with a BS6 Phase 2 compliant motor

Hero HF Deluxe Black Canvas Edition launched, priced from ₹60,760

File photo of a Ferrari car used for representational purpose.

A Ferrari that can drive itself? Why Italian sportscar brand ‘does not care’

The 2023 Kawasaki Ninja 300 gets three new colour options: Lime Green, Candy Lime Green, and Metallic Moondust Grey.

2023 Kawasaki Ninja 300 launches in India with new colours, price starts at ₹3.43 lakh

Shop Now

55% OFF

SOFTSPUN Microfiber Cloth - 4 pcs - 40x40 cms - 340 GSM Grey- Thick Lint & Streak-Free Multipurpose Cloths - Automotive Microfibre Towels for Car Bike Cleaning Polishing Washing & Detailing…

Rs. 269 Rs. 604

21% OFF

Involve Your Senses One Musk Organic Car Perfume, Involve Your Senses Strong Fiber Air Freshener to Freshen'up Your Car - IONE01-40 g,Car Accessories interior car perfumes and fresheners

Rs. 315 Rs. 399