Jim Hackett Named Ford CEO, Mark Fields To Retire
Ford has confirmed Jim Hackett will become the company's new President and CEO. Hackett isn't actually a household name but Ford says he has a "long track record of innovation and business success" as CEO of Steelcase, Interim Athletic Director at the University of Michigan, and executive chairman of Ford Smart Mobility LLC. Hackett will report to Ford Executive Chairman Bill Ford and the two will work together to focus on three main areas including modernizing business and transforming the company to meet future challenges. The pair will also work to enhance operational execution which includes improving quality and product launches as well as addressing underperforming parts of the business. In a statement, Bill Ford said “Jim Hackett is the right CEO to lead Ford during this transformative period for the auto industry and the broader mobility space. He’s a true visionary who brings a unique, human-centered leadership approach to our culture, products and s...