Ford Names Jim Farley as New CEO, Succeeding Jim Hackett
August 04 2020 - 9:49AM
Dow Jones News
By Mike Colias
Ford Motor Co.'s Chief Operating Officer Jim Farley will take
over as chief executive, replacing the retiring Jim Hackett, who is
more than three years into a turnaround effort that has yet to lift
profits and the auto maker's depressed share price.
The company said Tuesday Mr. Farley, 58 years old, will succeed
Mr. Hackett, 65, on Oct. 1. Mr. Hackett will remain in an advisory
role through next spring, the company said.
Write to Mike Colias at Mike.Colias@wsj.com
(END) Dow Jones Newswires
August 04, 2020 09:34 ET (13:34 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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