Jim Hackett has been named as Ford Motor Company President and CEO, succeeding Mark Fields, who is retiring. Hackett will report to Executive Chairman, Bill Ford.
Hackett, together with Bill Ford, will focus on three priorities: Sharpening operational execution, modernizing Ford’s present business and transforming the company to meet tomorrow’s challenges.
Prior to serving as President and CEO at Ford Motor Company, Hackett was Chairman of Ford Smart Mobility LLC, a subsidiary of Ford formed to accelerate the company’s plans to design, build, grow and invest in emerging mobility services. He was named to the position on March 10th, 2016.
Ford also named leaders to three new roles under Hackett.
Jim Farley is appointed Executive Vice President and President, Global Markets, Joe Hinrichs takes the role as Executive Vice President and President, Global Operations, and Marcy Klevorn will take the responsibility as Executive Vice President and President, Mobility.
All three appointments are effective on 1st Jun. New leaders to succeed Hinrichs, Farley and Klevorn will be the subject of a future announcement.
Three priorities for growth
Ford needs sharpening operational execution across the global business to further enhance quality, go-to-market strategy; product launch, while decisively addressing underperforming parts of the business.
Modernizing Ford’s business, using new tools and techniques to unleash innovation, speed decision making and improve efficiency is the second priority . This includes increasingly leveraging big data, artificial intelligence, advanced robotics, 3D printing and more.
And transforming the company to meet future challenges, means ensuring the company has the right culture, talent, strategic processes and nimbleness to succeed as society’s needs and consumer behavior change over time.
The three new priorities for growth and restructuring with the new appointmments announced were explained and discussed by Hackett and Bill Ford at a worldwide press conference held today.
The new structure
As Executive Vice President and President, Global Markets, Jim Farley, 54, will oversee Ford’s business units, The Americas; Europe, Middle East & Africa and Asia Pacific.
In addition, Farley will oversee Lincoln Motor Company and global Marketing Sales & Service. Farley has served as executive vice president and president, Ford of Europe, Middle East and Africa since January 2015. Farley will also oversee the strategy and business model development for electrified vehicles and autonomous vehicles.
Joe Hinrichs, 50, the new Executive Vice President and President, Global Operations, will oversee Ford’s global Product Development; Manufacturing and Labor Affairs; Quality; Purchasing; and Sustainability, Environmental and Safety Engineering; Hinrichs has been serving as Ford executive Vice President and President, The Americas, since December 2012.
Marcy Klevorn, 57, who takes the role as Executive Vice President and President, Mobility will oversee Ford Smart Mobility LLC. She suceeds Hakett at the head of this arm, which was established last year to accelerate the company’s plans to design, build, grow and invest in emerging mobility services, as well as Information Technology and Global Data, Insight and Analytics. Klevorn has served as group Vice President, Information Technology and Chief Information Officer since January 2017.
Image over the headline.- Jim Hackett (Ford Motor Company President and CEO). © Ford Motor Company.
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