Ford CEO Jim Hackett has revealed that he will be retiring in end-September. Hackett took over the role of Ford’s CEO in May 2017 and has overseen a substantial reorganisation of its global business model. He will be succeeded by current chief operating officer Jim Farley.

  • Farley to take over as CEO, following a 13-year stint with the company
  • Appointment comes as Ford looks to recover from the pandemic

Executive chairman Bill Ford said: “I’m very grateful to Jim Hackett for all he has done to modernise Ford and prepare us to compete and win in the future. Our new product vision – led by the Mustang Mach-E, new F-150 and Bronco family – is taking shape. We now have compelling plans for electric and autonomous vehicles, as well as full vehicle connectivity. And we are becoming much more nimble, which was apparent when we quickly mobilised to make life-saving equipment…

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