Executive Chairman Bill Ford (right) and Hackett met with employees and members of the press to discuss the appointment.
DEARBORN, Mich. — Ford Motor Co. today named Jim Hackett as its new president and CEO and announced key global leadership changes the automaker said are “designed to further strengthen its core automotive business and accelerate a strategic shift to capitalize on emerging opportunities.”
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 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.”
According to the company’s announcement, Hackett will focus on sharpening operation execution across the global business to further enhance quality and the company’s go-to-market strategy, while decisively addressing underperforming parts of the business.
Hackett will also focus on modernizing Ford’s business, including leveraging big data, artificial intelligence, advance robotics, 3D printing and more. He will also be counted on for ensuring the company has the right culture, talent and strategic processes, and nimbleness to react to changing consumer behavior.
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," 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."
The automaker also announced that Jim Farley, 54, was appointed executive vice president and president of Global Markets. He will oversee Ford’s business units, The Americas; Europe, Middle East & Africa and Asia Pacific. He will also oversee Lincoln Motor Co. and global Marketing Sales & Service. Farley has served as executive vice president and president of 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.
Ford also announced that Joe Hinrichs, 50, was appointed executive vice president and president of global operations. He 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 of The Americas since December 2012.
Also announced was the appointment of Marcy Klevorn, 57, to executive vice president and president of Mobility. She 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 of information technology and CIO since January 2017.
All three appointments are effective June 1. Ford officials said replacements for Hinrichs, Farley and Klevorn will be named.
“We are fortunate to have three dynamic and talented leaders in Jim Farley, Joe Hinrichs and Marcy Klevorn taking on greater responsibility,” 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 of communications, effective immediately. He was also elected a company officer. Truby previously led Ford’s communications teams in Asia Pacific and Europe, Middle East and 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. He has been leading Ford’s global data and analytics teams since December 2014, including development of new capabilities supporting connectivity and smart mobility.