Jim Farley, Jr. executive vice president and president of Global Markets of the Ford Motor Company, is shown in this photo during New York International Auto Show in March 2018. Ford Chief Operating Officer Jim Farley will lead the storied automaker into the future starting October 1 when current Chief Executive Jim Hackett retires. He was in charge as Ford rolled out a revamped F-150 pickup, the new Bronco off-road SUV brand and the electric Mustang Mach-E SUV. Ford Executive Chairman Bill Ford, the great grandson of company founder Henry Ford, praised Hackett for modernizing the company and reducing bureaucracy. Farley’s chief rival, automotive President Joe Hinrichs was pushed out and retired effective March 1, and Farley was named chief operating officer.

Source: The Standard August 04, 2020 13:30 UTC