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Ford Motor Co 's Jim Farley, who is chief operating officer, will succeed Jim Hackett as the auto maker's chief executive and president on Oct. 1, the company said on Tuesday.
Longtime Ford exec Farley will take over on Oct. 1.
Ford Chief Operating Officer Jim Farley will lead the storied automaker into the future starting October 1 when current CEO Jim Hackett retires.
Ford chief operating officer Jim Farley will lead the carmaker into the future starting on October 1 when current chief executive Jim Hackett retires.
Ford chief operating officer Jim Farley will lead the carmaker into the future starting on October 1 when current chief executive Jim Hackett retires.
Farley was was hired away from Toyota by then-CEO Alan Mulally in November of 2007 to run Ford's marketing operations. The 65-year-old Hackett took over for the ousted Mark Fields in May of 2017.

Ford CEO Jim Hackett is retiring

01:31pm, Tuesday, 04'th Aug 2020
A sudden announcement from the Detroit automaker.
James Hackett, 65, is retiring after three years in the job.

Ford’s CEO Steps Down in Unexpected Move

01:19pm, Tuesday, 04'th Aug 2020
The retirement comes as Ford and other players in the traditional automotive industry struggle to manage through viral pandemic, as well as manage an industry transition to a more electric future.
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