Ford announced Tuesday that Jim Hackett would resign as chief executive and be replaced by longtime auto executive Jim Farley as the car giant pushes further into digital and electric investment. Farley joined Ford in 2007 after a long tenure at Toyota and currently serves as chief operating officer. Hackett joined Ford in 2017 from furniture company Steelcase and was known for his skills in turning around struggling organisations. Ford Chairman Bill Ford credited Hackett with “slaying the sacred cows” during his run and characterized Farley as a true car expert, noting he enjoys racing vintage cars as a hobby. “Jim Farley matches an innate feel for cars and customers with great instincts for the future and the new technologies that are changing our industry,” Ford said.

Source: Punch August 04, 2020 15:11 UTC