Farley to suceed Hackett as Ford CEO and president By Reuters

Farley to suceed Hackett as Ford CEO and president By

© Reuters. FILE PHOTO: FILE PHOTO: Ford President and CEO Jim Hackett speaks at a news conference in New York


(Reuters) – Jim Farley will succeed Jim Hackett as Ford Motor Co (N:) CEO and president on Oct. 1, the company said on Tuesday.

Hackett, 65, who replaced Mark Fields as CEO in May 2017, is retiring and will be a special adviser to Ford through March 2021.

Farley, 58, joined Ford in 2007 and was head of the company’s New Businesses, Technology and Strategy group.

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