Ford CEO Jim Hackett is retiring, the company announced on Tuesday, and he will be replaced by current chief operating officer Jim Farley. Hackett will stay with Ford until October to help with the transition and remain a “special advisor” through March 2021.
Farley, who has been with Ford for more than a decade and came over from Toyota, said in a conference call that he wants to “swing for the fences” while in charge of Ford. “We know our competition today is Amazon, Baidu, Tesla, Apple, Toyota, and others,” he said. “They’re well-financed and voracious companies.”
Hackett was installed as CEO in 2017 after previously running Ford Smart Mobility, the company’s new technologies wing. He replaced Mark Fields, who was pushed out after...
