August 4, 2020

Ford announces new CEO as it eyes bigger electric push

New York (AFP) – Ford announced Tuesday that Jim Hackett would resign as chief executive and be replaced by auto veteran Jim Farley as the car giant pushes further into digital and electric investment.The move follows a bumpy period for Ford after some manufacturing stumbles and a major corporate restructuring that has yet to boost profitability. ¬†Hackett, 65, will hand over the job to Farley, 58, on October 1, but stay on as a special advisor through March 2021. Farley came to Ford in 2007 after a long tenure at Toyota and currently serves as chief operating officer.Hackett, who had no auto i…


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