Operating officer Jim Farley will head the company from October 1, and his priorities will be commercial vehicles and a Network connection.
The Ford chief Executive officer Jim Hackett announced that he will retire at the end of September, and it will be replaced by current chief operating officer Jim Farley.
Hackett, who is now 65 years old, leads a company from Michigan from may 2017 and oversaw a significant reorganization of its global business model. He will work together with Farley before his departure on a “smooth change of leadership”.
“I am very grateful to Jim Hackett for what he has done for the modernization of Ford and preparing us for the competitions and victories in the future. Our vision of the new product – led Mustang Mach-E, the new F-150 and Bronco family acquires the form. We now have convincing plans for electric and Autonomous vehicles, as well as the full connectivity of vehicles. And we become much more agile, which became very obvious when we quickly mobilized for the production of life-saving equipment at the beginning of the pandemic,” said Executive Chairman bill Ford.
Farley will lead the U.S. company after 13 years of service as the company begins cooperation with Volkswagen for the development of new models and promotes plans to release a range of electrified models.
Hackett played a key role in expanding connectivity at Ford, reducing bureaucracy and streamlining global operations. He chose “to move forward and not to move first” as the basis of his management style and said the recent presentation of the new SUV Bronco and Mustang Mach-E has put the company in a good position.
Farley noted that his predecessor “has laid a solid Foundation for a bright future.” He said that his ambitions are to maximize the business opportunities in the field of commercial vehicles, go to large-scale services connect and provide best-in-class execution of the upcoming launches of models.