Ford says Jim Hackett to retire as president and CEO

Ford says Jim Hackett to retire as president and CEO

Ford Motor Company said that Jim Hackett, who has led the company's transformation since 2017, plans to retire from the company. Jim Farley has been named the company's new president and CEO and will join the board of directors effective October 1.Hackett, 65, and Farley, 58, will work together on a smooth leadership transition over the next two months.“I am very grateful to Jim Hackett for all he has done to modernize Ford and prepare us to compete and win in the future,” said Bill Ford, Ford's executive chairman. “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