-
Jim Hackett named as Ford Motor Company president and CEO, succeeding
Mark Fields, who is retiring. Hackett, who will report to Executive
Chairman Bill Ford, is recognized as a transformational business leader
-
Hackett led Steelcase Inc.’s turnaround to become the world’s No. 1
office furniture maker, served as interim Athletic Director at
University of Michigan and has led Ford Smart Mobility LLC since March
2016. He served on Ford’s board from 2013 to 2016
-
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
-
Ford also named leaders to three new roles under Hackett. Jim Farley
is appointed executive vice president and president, Global Markets,
Joe Hinrichs is appointed executive vice president and president,
Global Operations, and Marcy Klevorn is appointed executive vice
president and president, Mobility
-
Mark Truby is appointed vice president, Communications, and elected a
company officer. He succeeds Ray Day, who plans to retire from the
company next year and will provide consulting services until then
-
Paul Ballew is appointed vice president and Chief Data and Analytics
Officer
Company Website:
http://corporate.ford.com/
DEARBORN, Mich. -- (Business Wire)
Ford Motor Company today named Jim Hackett as its new president and CEO
and announced key global leadership changes designed to further
strengthen its core automotive business and accelerate a strategic shift
to capitalize on emerging opportunities.
Hackett, 62, has a long track record of innovation and business success
as CEO of Steelcase, Interim Athletic Director at the University of
Michigan and executive chairman of Ford Smart Mobility LLC since March
2016.
Reporting to Executive Chairman Bill Ford, Hackett will lead Ford’s
worldwide operations and 202,000 employees globally. He succeeds Mark
Fields, 56, who has elected to retire from Ford after a successful
28-year career with the company.
“We’re moving from a position of strength to transform Ford for the
future,” Bill Ford said. “Jim Hackett is the right CEO to lead Ford
during this transformative period for the auto industry and the broader
mobility space. He’s a true visionary who brings a unique,
human-centered leadership approach to our culture, products and services
that will unlock the potential of our people and our business.”
Added Hackett: “I am so excited to work with Bill Ford and the entire
team to create an even more dynamic and vibrant Ford that improves
people’s lives around the world, and creates value for all of our
stakeholders. I have developed a deep appreciation for Ford’s people,
values and heritage during the past four years as part of the company
and look forward to working together with everyone tied to Ford during
this transformative period.”
Hackett, together with Bill Ford, will focus on three priorities:
- 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. This
includes increasingly leveraging big data, artificial intelligence,
advanced robotics, 3D printing and more
- Transforming the company to meet future challenges, ensuring
the company has the right culture, talent, strategic processes and
nimbleness to succeed as society’s needs and consumer behavior change
over time
Bill Ford and Ford’s Board of Directors thanked Fields for his
significant contributions to the company.
“Mark Fields has been an outstanding leader and deserves a lot of credit
for all he has accomplished in his many roles around the globe at Ford,"
Bill Ford said. “His strong leadership was critical to our North
American restructuring, our turnaround at the end of the last decade,
and our record profits in the past two years."
Also today, Ford announced a new structure for its operations and named
three new leaders reporting to Hackett:
Jim Farley, 54, is appointed executive vice president and
president, Global Markets. In this role, Farley 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, is appointed executive vice president and
president, Global Operations. In this role, Hinrichs 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, is appointed executive vice president and
president, Mobility. In this role, Klevorn will oversee Ford Smart
Mobility LLC, which was formed 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.
All three appointments are effective June 1. New leaders to succeed
Hinrichs, Farley and Klevorn will be the subject of a future
announcement.
“We are fortunate to have three dynamic and talented leaders in Jim
Farley, Joe Hinrichs and Marcy Klevorn taking on greater
responsibility,” Bill Ford said. “Each has a track record of driving
innovation, cost efficiency and delivering results around the world.
They will work closely with Jim Hackett to lead Ford’s day-to-day
operations, build our brand and capitalize on emerging opportunities.”
In addition, Ford appointed Mark Truby, 47, vice president,
Communications, effective immediately, reporting to Bill Ford. He
was elected a company officer. Truby has previously led Ford’s
Communications teams in Asia Pacific and Europe, Middle East & Africa.
Truby succeeds Ray Day, who plans to retire from the company next year
and will provide consulting services until then.
Ford also elected Paul Ballew, 52, as Global Chief Data and
Analytics Officer, reporting to Klevorn. Ballew has been leading
Ford’s global data and analytics teams since December 2014, including
development of new capabilities supporting connectivity and smart
mobility.
-
For biographical information and photos of Jim
Hackett, click here.
-
For biographical information and photos of Jim
Farley, click here.
-
For biographical information and photos of Joe
Hinrichs, click here.
-
For biographical information and photos of Marcy
Klevorn, click here.
-
For biographical information and photos of Mark
Truby, click here.
-
For biographical information and photos of Paul
Ballew, click here.
About Ford Motor Company
Ford Motor Company is a global automotive and mobility company based
in Dearborn, Michigan. With about 202,000 employees and 62 plants
worldwide, the company’s core business includes designing,
manufacturing, marketing, financing and servicing a full line of Ford
cars, trucks, SUVs and electrified vehicles, as well as Lincoln luxury
vehicles.At the same time, Ford is aggressively pursuing
emerging opportunities through Ford Smart Mobility, the company’s plan
to be a leader in connectivity, mobility, autonomous vehicles, the
customer experience, and data and analytics. The company provides
financial services through Ford Motor Credit Company. For more
information regarding Ford, its products worldwide or Ford Motor Credit
Company, visit www.corporate.ford.com.
For news releases, related materials, and high-resolution photos and
video, visit www.media.ford.com
or www.flickr.com/fordapa
Follow at www.facebook.com/ford,
www.twitter.com/ford
or www.youtube.com/fordasiapacific
View source version on businesswire.com: http://www.businesswire.com/news/home/20170522005673/en/
Contacts:
Ford Motor Company
Media:
Mike
Moran
1.313.322.1602
mmoran@ford.com
or
Susan
Krusel
1.313.322.7998
skrusel@ford.com
or
Equity
Investment Community:
Dawn Dombroski
1.313.845.2868
fordir@ford.com
or
Fixed
Income Investment Community:
Karen Rocoff
1.313.621.0965
fixedinc@ford.com
or
Shareholder
Inquiries:
1.800.555.5259 or
1.313.845.8540
stockinf@ford.com
Source: Ford Motor Company
© 2024 Canjex Publishing Ltd. All rights reserved.