Hackett to retire 1 October, Jim Farley to become CEOI don't know how much more plainly this can be explained.
Hackett was set to retire Q1 2021. Farley began assuming more and more duties as the upcoming product cycle came into focus, including some recent changes and movement on the Bronco program.
The board, the family, and both gentlemen all agreed it was better to complete the transition now before this cycle begins.
Hackett is leaving the glass house well liked and well respected among executive leadership, with a few outliers in those who were long loyal to Fields.
"Commit to and own segments" is the focus that re-imagined Mach E, course-corrected the Bronco brand, and found the $ to fix a few potentially *major* missteps with the F-Series program.
A longer Fields tenure very well could have seen the end of Ford as we know it. They weren't that far off.Tue, 04 Aug 2020 23:39:31 +0000
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